Welcome to our dedicated page for IMPERALIS HOLDING news (Ticker: IMHC), a resource for investors and traders seeking the latest updates and insights on IMPERALIS HOLDING stock.
IMPERALIS HOLDING CORP (IMHC) is a multifaceted company engaged in diverse industries. The company focuses on identifying and investing in opportunities that drive sustainable growth and value for its shareholders. It operates through various subsidiaries and partnerships, leveraging a robust network to achieve its business objectives.
IMHC's core business includes sectors like technology, energy, and real estate. The company has made significant strides in these areas, recently announcing partnerships and projects that cater to modern market needs. For instance, its association with TurnOnGreen, Inc. aims to propel advancements in green energy, reflecting the company’s commitment to environmental sustainability.
Financially, IMPERALIS HOLDING CORP has demonstrated resilience and strategic foresight. Recent financial disclosures indicate a stable revenue stream and prudent management of resources. The company continually seeks out innovative ventures that complement its existing portfolio, ensuring a diversified and balanced growth trajectory.
Through its subsidiaries, IMHC is involved in cutting-edge technological developments and energy solutions, positioning itself as a forward-thinking entity in the market. The company’s strategic alliances, such as those with Ault Alliance, Inc., further underscore its dedication to collaborative growth and industry leadership.
IMPERALIS HOLDING CORP’s commitment to shareholder value is evident in its transparent operations and proactive approach to market opportunities. The company remains steadfast in its mission to adapt to evolving industry trends, thereby securing a competitive edge.
TurnOnGreen, Inc. (OTC:TOGI) has announced significant developments in its power electronics division, Digital Power (DPC). The company has secured $2.2 million in orders from a leading global defense contractor for its newly developed defense-grade power conversion modules (PCMs) and power control systems, including a proprietary power distribution unit (PDU) for off-road tactical vehicles and military ambulances.
Additionally, TurnOnGreen has obtained a strategic contract with an Israel-based defense to design, develop, and manufacture custom PCMs and PDUs for tactical vehicles used by the Israel Defense Forces. The company is also supplying custom-designed, uninterruptible power solutions to a major global aerospace and defense firm for use in Transportable Tactical Command Communications systems.
These developments highlight TurnOnGreen's growing presence in the high-margin defense sector and its focus on long-term value creation in growth-oriented verticals such as electric vehicle charging and advanced electronics for aerospace, defense, and telecom sectors.
TurnOnGreen, an EV charging and custom power supply company, announced that the Financial Industry Regulatory Authority approved its name change from 'Imperalis Holding Corp.' to 'TurnOnGreen, Inc.' and its ticker symbol change from 'IMHC' to 'TOGI,' effective May 21, 2024. The company’s outstanding warrants will also change from 'IMCW' to 'TOGIW.' This rebranding aims to align the company's public identity with its focus on e-mobility infrastructure and green energy solutions. CEO Amos Kohn highlighted this as a significant milestone, reinforcing the company's commitment to innovation and sustainability. President Marcus Charuvastra emphasized the goal of creating a sustainable and profitable EV charging network across North America.
Ault Alliance, Inc. completes the final distribution of TurnOnGreen, Inc. securities, distributing 140 million shares of common stock and warrants to purchase additional shares to its stockholders. Stockholders received approximately 0.83 shares of TurnOnGreen common stock per share of Ault Alliance common stock owned on the record date of April 15, 2024. The distribution was completed on April 29, 2024. The Company believes this distribution is a significant achievement, setting TurnOnGreen on a path to independent growth.
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