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.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

iPower Inc. entered into Purchase Agreement with an institutional investor (effective 2025-12-22).

Action: entry
Agreement: equity purchase
Counterparty: an institutional investor
Effective: 2025-12-22

Exact text from the filing

entered into a Securities Purchase Agreement dated December 22, 2025 (the “Purchase Agreement”) with an institutional investor (the “Investor”), providing for a 6% original issue discount senior secured convertible note facility and an initial closing of $5,184,024 principal amount of series A senior secured convertible note and $1,815,976 principal amount of series B senior secured convertible note

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276 material agreements filed in the last 30 days. Browse all material agreements →

iPower Inc. filing history →

Source: SEC EDGAR

accession 0001683168-26-000884

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