{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-008743","form_type":"8-K","ticker":"IPW","cik":"0001830072","company_name":"iPower Inc.","filed_at":"2025-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.678361+00:00","generated_at":"2026-05-16T15:54:29.083536+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"iPower Inc. issues $2M in promissory notes at 6.5% to pay off JPMorgan credit facility","bullets":["Three promissory notes issued for total gross proceeds of $2M on November 24, 2025.","Notes bear 6.5% annual interest; due 60 days or upon closing of new investment transaction.","Proceeds used to repay existing JPMorgan Chase credit agreement originally dated Nov 12, 2021.","One lender is an entity controlled by CEO Chenlong Tan, a related-party transaction.","Security interest granted in substantially all personal property (excluding crypto assets) after JPMorgan payoff."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-008743","json":"https://secwatch.observer/filing/0001683168-25-008743.json","markdown":"https://secwatch.observer/filing/0001683168-25-008743.md","text":"https://secwatch.observer/filing/0001683168-25-008743.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1830072/000168316825008743/0001683168-25-008743-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1830072/000168316825008743/ipower_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:54:29.083536+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"297adf536e261f4f3577e53c355fa1f9a3c25bb4","claim":"iPower Inc. entered into Promissory Notes with certain investors and related parties, including an entity controlled by the Company’s CEO, Chenlong Tan valued at $2 million (effective 2025-11-24).","evidence_excerpt":"On November 24, 2025, iPower Inc., a Nevada corporation (the “Company”), issued three promissory notes totaling $2 million (the “Promissory Notes”) in exchange for gross proceeds of $2 million.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830072/000168316825008743/0001683168-25-008743-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"certain investors and related parties, including an entity controlled by the Company’s CEO, Chenlong Tan"},{"label":"Value","value":"$2 million"},{"label":"Effective","value":"2025-11-24"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}