iPower renews secured credit facility with JPMorgan for $15M, extends to Nov 2027

iPower Inc.

Revolving commitment increased to $15.0M with accordion feature up to $40.0M.
Maturity extended by three years to November 8, 2027.
Borrowings bear interest at SOFR plus 2.25%–2.50%.
Company paid JPMorgan an amendment fee of $37,500.
Management expects strengthened balance sheet to support growth and strategic initiatives.

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