---
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"
generated_at: "2026-05-16T12:17:24.339894+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.07, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-009319
- JSON: https://secwatch.observer/filing/0001683168-25-009319.json
- Plain text: https://secwatch.observer/filing/0001683168-25-009319.txt

## Key facts
- Debt Financings
  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
  source text: “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_url: https://www.sec.gov/Archives/edgar/data/1830072/000168316825009319/0001683168-25-009319-index.htm
- Equity Issuances
  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
  source text: $1,815,976 aggregate principal amount of a series B senior secured convertible note
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830072/000168316825009319/0001683168-25-009319-index.htm
- Equity Issuances
  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
  source text: series A senior secured convertible note in the aggregate original principal amount of $5,184,024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830072/000168316825009319/0001683168-25-009319-index.htm

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