Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
iPower Inc. incurred convertible notes of aggregate original principal amount of $30,000,000 with a certain institutional investor at 10% per annum (increasing to 17% per annum upon the occurrence and during the co maturing December 23, 2027.
- Instrument
- convertible notes
- Principal
- aggregate original principal amount of $30,000,000
- Counterparty
- a certain institutional investor
- Rate
- 10% per annum (increasing to 17% per annum upon the occurrence and during the co
- Maturity
- December 23, 2027
- Event
- incurrence
Exact text from the filing
“Purchase Agreement”) providing for the purchase by the Investor of a 6% original issue discount (OID) convertible note facility in the aggregate original principal amount of $30,000,000 (the “Convertible Note Facility”), in which the Investor will initially purchase (i) a series A senior secured convertible note in the aggregate original principal amount
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
iPower Inc. issued convertible note to a certain institutional investor for $1,815,976 aggregate principal amount.
- Security
- convertible note
- Purchaser
- a certain institutional investor
- Consideration
- $1,815,976 aggregate principal amount
Exact text from the filing
$1,815,976 aggregate principal amount of a series B senior secured convertible note
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
iPower Inc. issued convertible note to a certain institutional investor for aggregate original principal amount of $5,184,024.
- Security
- convertible note
- Purchaser
- a certain institutional investor
- Consideration
- aggregate original principal amount of $5,184,024
Exact text from the filing
series A senior secured convertible note in the aggregate original principal amount of $5,184,024
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