iPower enters $30M convertible note facility, launches Digital Asset Treasury with Bitcoin/Ethereum

iPower Inc.

Secured $30M convertible note facility (6% OID); initial $9M funded, gross proceeds $6.58M.
~$4.4M of initial proceeds to launch Digital Asset Treasury holding Bitcoin and Ethereum.
Notes bear 10% interest, mature Dec 2027, conversion price $17.70 with floor $2.27 per share.
Stockholder approved increasing authorized shares from 200M to 1B and authorizing 1-for-250 reverse split.

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