Financing ·
iPower Inc. completed an Additional Optional Closing under its $30,000,000 6% original issue discount OID senior…
IPWiPower Inc.
iPower Inc. completed an Additional Optional Closing under its $30,000,000 6% original issue discount OID senior secured convertible note facility. The company received $1,880,000 in gross proceeds (excluding fees and expenses) in exchange for issuing $2,000,000 in aggregate principal amount of Series A Notes to an institutional investor. To date, the company has sold a total of $10,184,024 in Series A Convertible Notes, leaving $18,000,000 available for future issuance. iPower Inc. operates in the technology sector and provides power solutions and power management solutions.