{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-009319","form_type":"8-K","ticker":"IPW","cik":"0001830072","company_name":"iPower Inc.","filed_at":"2025-12-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.678760+00:00","generated_at":"2026-05-16T12:17:24.339894+00:00","sec_items":["1.01","2.03","3.02","5.07","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"iPower enters $30M convertible note facility, launches Digital Asset Treasury with Bitcoin/Ethereum","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-009319","json":"https://secwatch.observer/filing/0001683168-25-009319.json","markdown":"https://secwatch.observer/filing/0001683168-25-009319.md","text":"https://secwatch.observer/filing/0001683168-25-009319.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1830072/000168316825009319/0001683168-25-009319-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1830072/000168316825009319/ipower_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:17:24.339894+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":"2edfa739befaeb3739d8f1faa29097dd80b8f826","claim":"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.","evidence_excerpt":"“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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830072/000168316825009319/0001683168-25-009319-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"aggregate original principal amount of $30,000,000"},{"label":"Counterparty","value":"a certain institutional investor"},{"label":"Rate","value":"10% per annum (increasing to 17% per annum upon the occurrence and during the co"},{"label":"Maturity","value":"December 23, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b394b5ac9dcccddf6702765c48b6a0b23b61f7d6","claim":"iPower Inc. issued convertible note to a certain institutional investor for $1,815,976 aggregate principal amount.","evidence_excerpt":"$1,815,976 aggregate principal amount of a series B senior secured convertible note","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830072/000168316825009319/0001683168-25-009319-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Purchaser","value":"a certain institutional investor"},{"label":"Consideration","value":"$1,815,976 aggregate principal amount"}],"fact_type":"equity_issuance"},{"claim_id":"db9fb16e56d01964dffe141d884bd8ab7d5ab0b5","claim":"iPower Inc. issued convertible note to a certain institutional investor for aggregate original principal amount of $5,184,024.","evidence_excerpt":"series A senior secured convertible note in the aggregate original principal amount of $5,184,024","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830072/000168316825009319/0001683168-25-009319-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Purchaser","value":"a certain institutional investor"},{"label":"Consideration","value":"aggregate original principal amount of $5,184,024"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}