iPower amends promissory note to expand Change of Control definition

iPower Inc.

Amendment to $2.3M promissory note from sale of subsidiary Global Product Marketing to ETTS AI Investment LLC.
Expanded definition of 'Change of Control' includes material changes in management, business model, or supply chain.
Upon a Change of Control, the note becomes void and no further amounts are due.
All other terms of the note remain unchanged.

item 1.01 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. amended Amendment with ETTS AI Investment LLC (effective 2026-03-26).

Action: amendment
Counterparty: ETTS AI Investment LLC
Effective: 2026-03-26

Exact text from the filing

n February 1, 2026, the Company entered into a stock purchase agreement with ETTS AI Investment LLC, a Nevada limited liability company (“ETTS AI”), pursuant to which the Company sold its equity interest in GPM and its underlying entities to ETTS AI in exchange

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iPower Inc. filing history →

Source: SEC EDGAR

accession 0001683168-26-002537

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