iPower authorizes first $2M share buyback; closes $2M convertible note tranche

iPower Inc.

Board authorized up to $2M share repurchase program, first in company history, funded from cash flow.
On Feb 10, 2026, closed $2M Series A convertible note tranche for $1.88M gross proceeds ($940 per $1k principal).
All creditors expressed unified support for the repurchase program, per the press release.
Repurchases may be made on open market or privately, with no time limit and no obligation to buy.

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