SC 13G/A: TurnOnGreen, Inc.
Ticker: TOGIW · Form: SC 13G/A · Filed: Nov 5, 2024 · CIK: 1349706
| Field | Detail |
|---|---|
| Company | Turnongreen, Inc. (TOGIW) |
| Form Type | SC 13G/A |
| Filed Date | Nov 5, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: sc-13g-a
AI Summary
SC 13G/A filing by TurnOnGreen, Inc..
Risk Assessment
Risk Level: low
FAQ
What type of filing is this?
This is a SC 13G/A filing submitted by Turnongreen, Inc. (ticker: TOGIW) to the SEC on Nov 5, 2024.
What is the risk level of this SC 13G/A filing?
This filing has been assessed as low risk.
What are the key financial figures in this filing?
Key dollar amounts include: $0.001 (ame of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securitie).
How long is this filing?
Turnongreen, Inc.'s SC 13G/A filing is 4 pages with approximately 1,319 words. Estimated reading time is 5 minutes.
Where can I view the full SC 13G/A filing?
The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.
Filing Stats: 1,319 words · 5 min read · ~4 pages · Grade level 8.5 · Accepted 2024-11-05 16:00:16
Key Financial Figures
- $0.001 — ame of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securitie
Filing Documents
- sc13ga214065002_11052024.htm (SC 13G/A) — 79KB
- 0000921895-24-002462.txt ( ) — 80KB
(a). Name of Issuer
Item 1(a). Name of Issuer: TurnOnGreen, Inc., a Nevada corporation (the “Issuer”).
(b). Address of Issuer’s Principal Executive Offices
Item 1(b). Address of Issuer’s Principal Executive Offices: 1421 McCarthy Blvd. Milpitas, CA 95035
(a). Name of Person Filing
Item 2(a). Name of Person Filing: This statement is filed by The Scarmato Lettich Family Trust dtd 11/28/16, a California trust (the “Trust”), and Mark S. Scarmato. Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Mr. Scarmato serves as a trustee of the Trust and may be deemed to beneficially own the Shares (as defined below) owned directly by the Trust.
(b). Address of Principal Business Office or, if None, Residence
Item 2(b). Address of Principal Business Office or, if None, Residence: The address of the principal office of each of the Reporting Persons is 73 Prickly Briar Road, Hendersonville, NC 28739.
(c). Citizenship
Item 2(c). Citizenship: The Trust is organized under the laws of the State of California and Mr. Scarmato is a citizen of the United States of America.
(d). Title of Class of Securities
Item 2(d). Title of Class of Securities: Common Stock, par value $0.001 per share (the “Shares”).
(e). CUSIP Number
Item 2(e). CUSIP Number: 45257M106 4 CUSIP No. 45257M106
If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: /x/ Not applicable. (a) / / Broker or dealer registered under Section 15 of the Exchange Act. (b) / / Bank as defined in Section 3(a)(6) of the Exchange Act. (c) / / Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) / / Investment company registered under Section 8 of the Investment Company Act. (e) / / An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). (f) / / An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). (g) / / A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). (h) / / A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) / / A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. (j) / / Non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J). (k) / / Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____
Ownership
Item 4. Ownership. (a) Amount beneficially owned: As of the close of business on September 30, 2024: (i) The Trust directly owned 18,375,000 Shares; and (ii) Mr. Scarmato, as a trustee of the Trust, may be deemed the beneficial owner of the 18,375,000 Shares owned by the Trust. The filing of this Schedule 13G shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own. (b) Percent of class: The following percentages are based on 183,943,705 Shares outstanding as of August 12, 2024, which is the total number of Shares outstanding as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 13, 2024. 5 CUSIP No. 45257M106 As of the close of business on September 30, 2024, (i) the Trust beneficially owned approximately 9.99% of the outstanding Shares and (ii) Mr. Scarmato may be deemed to beneficially own approximately 9.99% of the outstanding Shares. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: See Cover Pages Items 5-9. (ii) Shared power to vote or to direct the vote: See Cover Pages Items 5-9. (iii) Sole power to dispose or to direct the disposition of: See Cover Pages Items 5-9. (iv) Shared power to dispose or to direct the disposition of: See Cover Pages Items 5-9.
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. Not Applicable.
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable. Item 7. Identification and Classification of the Subsidiary That Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not Applicable.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. See Exhibit 99.1 to the Schedule 13G filed with the Securities and Exchange Commission on February 13, 2024.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group. Not Applicable.
Certifications
Item 10. Certifications. By signing below each of the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 6 CUSIP No. 45257M106 SIGNATURE After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: November 5, 2024 The Scarmato Lettich Family Trust dtd 11/28/16 By: /s/ Mark S. Scarmato Name: Mark S. Scarmato Title: Trustee /s/ Mark S. Scarmato Mark S. Scarmato 7