iPower expanded its senior secured convertible note facility and completed an Additional Optional Closing with an institutional investor. On July 6, 2026, the company executed an amendment adding $2 million in principal availability and removing use-of-proceeds restrictions for future draws. The same day, iPower issued $2,000,000 of Series A notes at $940 per $1,000, receiving approximately $1,880,000 in gross proceeds before fees; the notes have a fixed conversion price of $2.39. The transactions, conducted under an effective resale registration statement, are expected to enhance liquidity and funding flexibility.
Agreement 1: iPower Amends Securities Purchase Agreement to Add $2 Million and Lift Use-of-Proceeds Limits
- Agreement type: Amendment to Securities Purchase Agreement for senior secured convertible note facility
- Counterparty: Institutional investor
- Signed / Effective: Jul 06 2026 / same
- Reason: Increase facility and remove use-of-proceeds limits
Agreement 2: iPower Completes $2 Million Additional Optional Closing, Receives $1.88 Million Proceeds
- Agreement type: Issuance of Series A senior secured convertible notes (Additional Optional Closing)
- Counterparty: Institutional investor
- Signed / Effective: Jul 06 2026 / same
- Reason: Access additional capital for corporate purposes
Original SEC Filing:
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