SCHEDULE: SJC Lending Boosts TurnOnGreen Stake to 7.3%
Beneficial Ownership Amendment
SJC Lending, LLC and Steven Caspi have increased their beneficial ownership in TurnOnGreen, Inc. to 7.3% through recent open market purchases.
Summary
- SJC Lending, LLC and Steven Caspi, as Manager of SJC, beneficially own an aggregate of 13,501,431 shares of TurnOnGreen, Inc. common stock.
- This ownership represents approximately 7.3% of the company's outstanding shares, based on 183,983,122 shares reported as outstanding on August 11, 2025.
- The aggregate purchase price for these 13,501,431 shares was $484,055, funded by working capital, which may include margin loans.
- This document is Amendment No. 1 to the Schedule 13D originally filed on September 30, 2025, updating information regarding the source of funds and interest in securities.
- Recent open market purchases by SJC Lending, LLC include: 710,455 shares at $0.06940 on October 1, 2025; 350,000 shares at $0.06500 on October 2, 2025; 200,000 shares at $0.06080 on October 3, 2025; 550,000 shares at $0.06825 on October 7, 2025; and 200,000 shares at $0.07110 on October 8, 2025.
Sentiment
Score: 7
Explanation: The increased stake by a significant investor, SJC Lending, LLC, and its manager, Steven Caspi, suggests a positive outlook from these parties on TurnOnGreen, Inc.'s prospects. While not a direct company performance indicator, it reflects investor confidence.
Positives
- A significant investor, SJC Lending, LLC, and its manager, Steven Caspi, have increased their beneficial ownership in TurnOnGreen, Inc., signaling confidence in the company's prospects.
- The purchases were made in the open market, suggesting a belief in the current valuation or future growth potential of the company.
Future Outlook
The filing does not contain any forward-looking statements or guidance from TurnOnGreen, Inc. or the reporting persons regarding the company's future performance or strategic direction.
Industry Context
This filing indicates an increased stake by an investor in TurnOnGreen, Inc., a company whose name suggests involvement in green technology or electric vehicle charging. While the filing itself provides no specific industry-related details, increased investor confidence can be a positive signal in a growing industry.
Stakeholder Impact
- Shareholders: Existing shareholders may view the increased stake by SJC Lending, LLC as a positive signal of investor confidence, potentially influencing stock perception.
Key Dates
| Date | Description |
|---|---|
| 2025-08-11 | Date used to determine total shares outstanding (183,983,122 shares) for percentage calculation. |
| 2025-08-13 | Date TurnOnGreen, Inc. filed its Quarterly Report on Form 10-Q, reporting shares outstanding. |
| 2025-09-30 | Original Schedule 13D filing date by the Reporting Persons. |
| 2025-10-01 | SJC Lending, LLC purchased 710,455 shares at $0.06940. |
| 2025-10-02 | SJC Lending, LLC purchased 350,000 shares at $0.06500. |
| 2025-10-03 | SJC Lending, LLC purchased 200,000 shares at $0.06080. |
| 2025-10-07 | Date of event requiring this Amendment No. 1 filing; SJC Lending, LLC purchased 550,000 shares at $0.06825. |
| 2025-10-08 | SJC Lending, LLC purchased 200,000 shares at $0.07110; Amendment No. 1 filing date. |
Recommendation
holdThe filing indicates a significant investor, SJC Lending, LLC, has increased its stake in TurnOnGreen, Inc. to 7.3%. This open market accumulation suggests confidence in the company's valuation or future prospects. However, without additional financial or operational details from the company, a 'buy' recommendation is not warranted solely based on an ownership disclosure. A 'hold' is appropriate as the increased insider/significant investor ownership is a positive signal, but further due diligence on the company's fundamentals is required for a stronger recommendation.
Keywords
TurnOnGreen, SJC Lending, Steven Caspi, Schedule 13D/A, Beneficial Ownership, Common Stock, Share Purchase, SEC Filing, Investment, Equity Stake
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.