iPower repays JPMorgan ABL in full, secures 6.5% no-fee bridge loan

iPower Inc.

Repaid in full asset-based lending facility with JPMorgan on Dec 7, 2025; related UCC lien terminations initiated.
Secured a bridge loan at 6.5% per annum with no fees, used primarily to retire the ABL.
CEO Lawrence Tan stated the move simplifies capital structure and positions iPower to pursue growth opportunities.
Company evaluating longer-term capital solutions aligned with strategic growth and profitability objectives.

item 1.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

iPower Inc. terminated ABL with JPMorgan Chase Bank, N.A. (effective 2025-12-07).

Action: termination
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Effective: 2025-12-07

Exact text from the filing

On December 7, 2025, iPower Inc., a Nevada corporation (the “Company”) repaid in full its asset-based lending facility (“ABL”), originally dated November 12, 2021, as amended, with JPMorgan Chase Bank, N.A. (“JPM”), resulting in the termination of the ABL.

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iPower Inc. filing history →

Source: SEC EDGAR

accession 0001683168-25-008998

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