iPower executed a Joinder to Guaranty to add newly formed iPower AI as a guarantor under its existing senior secured convertible note facility. The facility, established via a December 22, 2025 Securities Purchase Agreement, provides for up to $30 million with a 6% original issue discount, including an initial $5,184,024 principal issuance of Series A notes. The joinder, dated July 21, 2026, extends the investor's security to the new subsidiary and supports the company's financing structure following its organizational changes.
Agreement details:
- Agreement type: Joinder to subsidiary guaranty under senior secured convertible note facility
- Counterparty: Institutional investor
- Signed / Effective: Jul 21 2026 / same
- Duration / Termination: At will
- Reason: Add new subsidiary guarantor to secure existing note facility
Original SEC Filing:
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