---
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"
generated_at: "2026-05-16T15:54:29.083536+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# iPower Inc. issues $2M in promissory notes at 6.5% to pay off JPMorgan credit facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-008743
- JSON: https://secwatch.observer/filing/0001683168-25-008743.json
- Plain text: https://secwatch.observer/filing/0001683168-25-008743.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: certain investors and related parties, including an entity controlled by the Company’s CEO, Chenlong Tan
  - Value: $2 million
  - Effective: 2025-11-24
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1830072/000168316825008743/0001683168-25-008743-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.