other_material
confidence high
sentiment neutral
materiality 0.35
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 1.01item 9.01