TurnOnGreen, Inc. (TOGI) reported that its board approved a grant of stock options to President and director Marcus Charuvastra covering 9,000,000 shares of common stock. The options have an exercise price of $0.0199 per share and expire October 16, 2036. They vest 50% on the grant date, 25% after three months, and the remaining 25% after six months, subject to continued service.
TurnOnGreen, Inc. (TOGI) granted director Douglas Gintz 8,000,000 stock options on October 16, 2026, at an exercise price of $0.0199 per share, expiring October 15, 2036. The options vest 50% (4,000,000 shares) on the grant date, 25% (2,000,000 shares) after three months and 25% (2,000,000 shares) after six months, subject to continued service. His reported direct position following the grant was 8,000,000 options.
TurnOnGreen, Inc. (TOGI) granted Amos Kohn, its Chief Executive Officer, Chief Financial Officer, and Chairman, 10,000,000 stock options under its 2026 Stock Incentive Plan on October 16, 2026. The options have an exercise price of $0.0199 per share and expire October 16, 2036. They vest 50% on the grant date (5,000,000 shares), 25% after three months (2,500,000 shares), and the remaining 25% after six months (2,500,000 shares), subject to continued service.
TurnOnGreen, Inc. (TOGI) adopted revised bylaws on September 25, 2026, replacing its prior bylaws in their entirety. The changes address the company name stated in the bylaws, shareholder meeting locations, venue selection for certain actions, and the power to amend the bylaws, along with stylistic and typographical revisions. The updated bylaws became effective upon board approval and adoption.
TurnOnGreen, Inc. (TOGI) reported the results of its 2026 Annual Meeting of Shareholders held on September 18, 2026. Shareholders elected directors Amos Kohn, Marcus Charuvastra, and Douglas Gintz, each receiving about 118 million votes "for" and approximately 3.3–3.4 million votes withheld, with 40,276,766 broker non-votes on each nominee.
Shareholders ratified CBIZ CPAs P.C. as independent registered public accounting firm for the year ending December 31, 2026, with 154,193,325 votes for, 2,474,318 against, and 5,085,770 abstentions. They also approved an amendment authorizing the Board, in its sole discretion, to implement a reverse stock split of the common stock at a ratio of not less than one-for-fifty and not more than one-for-five hundred at any time prior to December 31, 2028, and approved the TurnOnGreen, Inc. 2026 Stock Incentive Plan with 116,348,094 votes for, 3,763,657 against, 1,364,896 abstentions, and 40,276,766 broker non-votes.
TurnOnGreen, Inc. (TOGI) is asking shareholders to vote at a fully virtual annual meeting on September 18, 2026. Shareholders will elect three incumbent directors, ratify CBIZ CPAs P.C. as independent auditor for 2026, approve a reverse stock split of common stock, approve a new 2026 Stock Incentive Plan, and authorize possible meeting adjournment.
As of the July 30, 2026 record date, there were 183,983,122 common shares outstanding plus 25,000 Series A Preferred shares, which collectively carry voting power equivalent to 33,539,181 common shares. The reverse split amendment would allow the board, any time through December 31, 2028, to implement a split from 1-for-50 up to 1-for-500, with cash paid in lieu of fractional shares.
The proposed 2026 Stock Incentive Plan would reserve 200 million common shares (including 100 million rolled over from the unused 2023 plan plus 100 million new shares). Issuing all 100 million additional new shares would represent potential dilution of 35.2% relative to shares outstanding on the record date.
TurnOnGreen, Inc. reported modest growth but remains financially stressed for the quarter ended June 30, 2026. Revenue was $1.75 million, up 4% year over year, with gross profit of $0.82 million and an operating loss narrowed to $0.15 million. Net loss improved to $0.35 million from $0.65 million.
Total assets were $4.67 million against total liabilities of $13.63 million and a shareholders’ deficit of $33.96 million. The company disclosed a going-concern uncertainty, negative working capital of $9.3 million, and dependence on related-party advances from Hyperscale and $1.48 million in convertible notes.
Current obligations include a lawsuit liability of $1.17 million and related-party notes and advances payable of $8.17 million. Cash was only $61,000. There are 1.43 billion potentially dilutive securities outstanding. Management also reported material weaknesses in internal control over financial reporting.
TurnOnGreen, Inc. reported higher quarterly revenue but a deeper loss and continued financial strain for the three months ended March 31, 2026. Revenue rose to $1.736M from $1.592M, with gross profit improving to $813,000 as EV charger sales increased to $549,000 from $319,000.
Net loss widened to $773,000 from $541,000, driven by higher operating expenses and interest costs. The company ended the quarter with cash of $127,000, negative working capital of about $9M, total liabilities of $13.6M, and a shareholders’ deficit of $33.6M, alongside $25M of redeemable preferred stock. Management states there is substantial doubt about TurnOnGreen’s ability to continue as a going concern and is relying heavily on related-party financing from Hyperscale and new SJC convertible notes.
TurnOnGreen, Inc. (TOGI) files its annual report describing a power electronics and EV charging business focused on defense, industrial, medical and e‑mobility markets. In 2025, about 83% of revenue came from power electronics OEM products and 17% from EV charging, with roughly 94% of revenue from North America.
The company reported a 2025 net loss of $2.1 million after a $4.0 million loss in 2024, ending 2025 with cash of $0.1 million and negative working capital of $8.2 million, creating substantial doubt about its ability to continue as a going concern. Backlog was approximately $6.5 million versus $6.1 million a year earlier.
Management highlights concentration risk in a small number of major customers, reliance on parent Hyperscale for past funding, supply‑chain and tariff exposure, and intense competition in both power solutions and EV charging. The strategy emphasizes expanding high‑grade custom power systems while growing subscription‑based EV network services from TOG Technologies.
TurnOnGreen, Inc. is registering up to 47,142,858 shares of common stock for resale, all issuable upon conversion of convertible promissory notes at a minimum conversion price of $0.035 per share. These shares will be sold by the selling stockholder, and TurnOnGreen will not receive proceeds from their resale.
The notes have up to $1,650,000 in aggregate principal for a $1,500,000 purchase price, bear 12% annual interest (rising to 20% above $300,000 on default), mature one year from issuance and are secured by substantially all company assets. Shares outstanding were 183,983,122 as of December 16, 2025, and would be 231,125,980 if all conversion shares are issued.
TurnOnGreen designs power electronic solutions and EV charging systems. Revenue was $4,912,000 in 2024 and $5,026,000 for the nine months ended September 30, 2025, while net loss available to common stockholders was $3,973,000 in 2024 and $1,701,000 for the nine‑month 2025 period. As of September 30, 2025, the company reported cash of $0.0 million, negative working capital of $7.9 million and an accumulated deficit of $48,788,000, and it states these factors raise substantial doubt about its ability to continue as a going concern for the 12 months following issuance of the financial statements.