[SCHEDULE 13D] TurnOnGreen, Inc. SEC Filing

Rhea-AI Filing Summary

SJC Lending, LLC and its manager Steven J. Caspi report ownership of 11,490,976 shares of TurnOnGreen, Inc. common stock, representing approximately 6.2% of the outstanding shares. The shares were acquired in open-market purchases for an aggregate reported price of $238,644 using working capital. The reporting persons state they may increase or decrease their position, engage with the company or other shareholders, or pursue transactions affecting capitalization or board composition, but currently have no specific plans. Shared voting and dispositive power over the reported shares is disclosed.

Positive

• Material stake disclosed: Reporting persons beneficially own 11,490,976 shares (approximately 6.2% of outstanding common stock).
• Transparent funding source: Shares were purchased in open market transactions using working capital, with aggregate purchase price disclosed.

Negative

• Low reported aggregate purchase price: The total reported cost of $238,644 implies a very low average price per share, which may reflect concentrated purchases at low prices or reporting rounding.
• No current takeover or definitive plan: The filing states no present plan to effect corporate change, leaving uncertainty about future intentions despite language reserving broad options.

Insights

Financial Analyst

TL;DR: A meaningful 6.2% stake was disclosed, acquired cheaply, with potential for engagement but no firm activist plan.

The stake size is material enough to attract investor attention given the companys float, yet the reported purchase cost ($238,644) suggests many shares were accumulated at a very low average price per share. The filing signals optionality: the holders reserve rights to buy more, sell, or propose strategic changes, which could influence liquidity and trading interest. Absent further purchases or explicit proposals, near-term financial impact on TurnOnGreen appears limited but monitor for follow-up filings or communications.

Corporate Governance Expert

TL;DR: Shared voting power and explicit flexibility to engage indicate possible governance engagement but no concrete actions now.

The report shows shared voting and dispositive authority rather than sole control, so immediate board control is unlikely. However, the language reserving the right to discuss board structure, capital changes, or transactions is standard for an investor keeping options open. For governance, the key next indicators will be any outreach to the board, solicitations of support from other holders, or amendments to the position disclosed in subsequent filings.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

TurnOnGreen, Inc.

(Name of Issuer)

Common Stock, $0.001 par value

(Title of Class of Securities)

45257M106

(CUSIP Number)

Kenneth Schlesinger, Esq.
Olshan Frome Wolosky LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/23/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 45257M106

1

Name of reporting person

SJC Lending, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 11,490,976.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 11,490,976.00

11

Aggregate amount beneficially owned by each reporting person

11,490,976.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.2 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 45257M106

1

Name of reporting person

CASPI STEVEN

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 11,490,976.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 11,490,976.00

11

Aggregate amount beneficially owned by each reporting person

11,490,976.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.2 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.001 par value
(b)	Name of Issuer: TurnOnGreen, Inc.
(c)	Address of Issuer's Principal Executive Offices: 1421 MCCARTHY BLVD., MILPITAS, CALIFORNIA , 95035.
Item 2.	Identity and Background
(a)	This Schedule 13D is filed by: (i) SJC Lending, LLC, a Delaware limited liability company ("SJC"), with respect to the shares of Common Stock of the Issuer (the "Shares") beneficially owned by it; and (ii) Steven J. Caspi, as Manager of SJC. Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons."
(b)	The principal business address of the Reporting Persons is 120 Bloomingdale Road, White Plains, NY 10605.
(c)	The principal business of SJC is investing in securities. The principal occupation of Mr. Caspi is serving as the manager of SJC.
(d)	No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	No Reporting Person has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	SJC is organized under the laws of the State of Delaware. Mr. Caspi is a citizen of the United States of America.
Item 3.	Source and Amount of Funds or Other Consideration
	The aggregate purchase price of the 11,490,976 Shares beneficially owned by SJC were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases is $238,644, including brokerage commissions.
Item 4.	Purpose of Transaction
	Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable. The Reporting Persons do not have any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer's financial position, results and strategic direction, actions taken by the Issuer's management team and board of directors (the "Board"), price levels of the Shares, conditions in the securities markets, general economic and industry conditions, and other investment opportunities available to the Reporting Persons, the Reporting Persons may in the future take such actions with respect to its investment in the Issuer as they deem appropriate including, without limitation, engaging in communications with management and the Board, engaging in discussions with the Issuer, stockholders of the Issuer or other third parties about the Issuer and the Reporting Persons' investment, including potential business combinations, financings or dispositions involving the Issuer or certain of its businesses or assets, including transactions in which the Reporting Persons may seek to participate and potentially engage in, making recommendations or proposals to the Issuer concerning changes to the capitalization, ownership structure, Board structure (including Board composition), or suggestions for improving the Issuer's financial and/or operational performance, purchasing additional Shares, selling some or all of its Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares, including swaps and other derivative transactions, or changing its intention with respect to any and all matters referred to in Item 4.
Item 5.	Interest in Securities of the Issuer
(a)	The aggregate percentage of Shares reported beneficially owned by the Reporting Person is based upon 183,983,122 Shares outstanding as of August 11, 2025, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 13, 2025. As of the date hereof, SJC beneficially owned 11,490,976 Shares. Percentage: Approximately 6.2% As of the date hereof, Mr. Caspi, as the Manager of SJC, may be deemed to beneficially own the 11,490,976 Shares beneficially owned by SJC. Percentage: Approximately 6.2%
(b)	SJC: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 11,490,976 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 11,490,976 Mr. Caspi: 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 11,490,976 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 11,490,976
(c)	The transactions in the Shares by each of the Reporting Persons during the past sixty days are set forth in Exhibit 1 and are incorporated herein by reference.
(d)	Not applicable.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	On September 30, 2025, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law. The Joint Filing Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 7.	Material to be Filed as Exhibits.
	1 - Transactions in the Securities of the Issuer During the Past Sixty Days 99.1 - Joint Filing Agreement, dated September 30, 2025

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

SJC Lending, LLC

Signature:	/s/ Steven J. Caspi
Name/Title:	Steven J. Caspi, Manager
Date:	09/30/2025

CASPI STEVEN

Signature:	/s/ Steven J. Caspi
Name/Title:	Steven J. Caspi
Date:	09/30/2025

FAQ

How many TurnOnGreen (TOGI) shares does SJC Lending report owning?

The filing reports beneficial ownership of 11,490,976 shares, or approximately 6.2% of outstanding common stock.

What was the aggregate purchase price for the reported TOGI shares?

The reporting persons state an aggregate purchase price of $238,644 for the 11,490,976 shares, paid from working capital.

Does SJC Lending intend to take control of TurnOnGreen (TOGI)?

The filing discloses no present plan to effect the actions listed in Item 4 but reserves the right to engage in various transactions or communications in the future.

What voting and disposition powers are disclosed over the TOGI shares?

Both SJC Lending and Steven J. Caspi report 0 sole voting/dispositive power and 11,490,976 shared voting and dispositive power.

Will SJC Lending likely file additional disclosures about TOGI?

The filing indicates the reporting persons may increase or decrease their position and could engage with the company, so additional Schedule 13D or transaction exhibits may follow if actions occur.