NILE shareholders to receive dividend securities of TurnOnGreen

BitNile Holdings announced today that two of its subsidiaries are combining to create a new Publicly Traded EV Charging and Power Solutions Company, TurnOnGreen.

BitNile will Distribute 140 Million Shares and an Equal Number of Warrants to Purchase Shares of TurnOnGreen to BitNile Holdings’ Stockholders.
Market Cap of only 61.983Mil.
I think this stock has a short term upside potential of 300%.

Looking forward to read your opinion about it.