Imperalis Holding completed the acquisition of TurnOnGreen from BitNile.

Imperalis Holding, a development stage company, completed the acquisition of TurnOnGreen, an electronic vehicle charging and power solutions company, from BitNile, a diversified holding company. Financial terms were not disclosed. “We look forward to leveraging the public markets to drive the development and distribution of TurnOnGreen’s innovative technology. TurnOnGreen has a team of experienced professionals. I am pleased to have Marcus and Douglas on our leadership team to help accelerate our growth and provide shareholder value. Marcus and Douglas’ leadership across the organization will help build a solid corporate foundation from which the Company can expand its e-Mobility products and services. Our team is focused on adding shareholder value and has the objective of pursuing an uplisting to the Nasdaq Capital Market, subject to seasoning rules and other criteria for listing," Amos Kohn, Imperalis Chairman and CEO.