TurnOnGreen Sets Sept 18 Vote on 1-for-500 Reverse Split and 200M-Share Incentive Plan
TOGI has more than doubled off its 52-week low of $0.005 on light trading volume (0.2× avg).
Summary
TurnOnGreen's definitive proxy sets a September 18, 2026 shareholder vote on a reverse stock split up to 1-for-500 and a 200 million share incentive plan that could dilute existing holders by 35.2%.
Key Events · Corporate Governance and Compliance · TOGI
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Reverse Split Vote Set for Sept 18
Shareholders will vote on a reverse stock split of between 1-for-50 and 1-for-500, with the exact ratio left to board discretion through December 31, 2028.
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200M-Share Incentive Plan Proposed
The 2026 Stock Incentive Plan would reserve 200 million shares, including 100 million new shares, creating 35.2% potential dilution to the 183,983,122 shares outstanding.
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Related Party Debt Tops $7.8M
The proxy discloses $7,802,876 owed to Hyperscale Data, Inc. as of December 31, 2025, up from $5,118,000 a year earlier, with the credit facility extended to December 31, 2026.
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Convertible Note Financing Disclosed
SJC Lending LLC has purchased $660,000 of convertible notes under a $1,650,000 facility, with conversion at a 20% discount to the lowest VWAP over the prior 10 trading days.
Analysis · TOGI · Manufacturing
TurnOnGreen's definitive proxy finalizes a shareholder vote on September 18, 2026, for a reverse stock split of up to 1-for-500 and a 200 million share incentive plan. The company trades at $0.0204 with a market cap of roughly $3.75 million, and the filing discloses 183,983,122 shares outstanding. The proposed 2026 Plan would add 100 million new shares, representing 35.2% potential dilution to existing holders. The reverse split is aimed at lifting the stock price to attract institutional investors, but the company's going-concern warning and $7.85 million in related party debt to Hyperscale Data underscore the financial pressure behind these proposals.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TOGI was trading at $0.02 on OTC in the Manufacturing sector, with a market capitalization of approximately $3.8M. The 52-week trading range was $0.01 to $0.10. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.