Financing ·
iPower Inc. consummated an additional optional closing under its Securities Purchase Agreement with an institutional…
IPWiPower Inc.
iPower Inc. consummated an additional optional closing under its Securities Purchase Agreement with an institutional investor on September 15, 2026. The company issued $3,000,000 in aggregate principal amount of Series A senior secured convertible notes and received approximately $2,820,000 in net proceeds before fees and expenses. These notes carry a fixed conversion price of $3.156 per share, representing 120% of the Nasdaq closing price on the closing date. Following this transaction, iPower has sold an aggregate total original principal amount of $15,184,024 in Series A Convertible Notes to the investor, with $9,084,580 converted to date and $15,000,000 remaining available for issuance. The company operates in the e-commerce industry, specializing in indoor gardening equipment and supplies.