iPower collateral ($4.05M) now exceeds note balance ($3.69M) as of April 28

iPower Inc.

Collateral account: $2.2M cash, 15.1 Bitcoin, 301.1 Ethereum; aggregate value $4.05M.
Remaining note balance to institutional investor is $3.69M; collateral covers $360K excess.
CEO Lawrence Tan says strengthened balance sheet gives greater financial flexibility.
Company to pursue disciplined capital allocation and evaluate strategic growth opportunities.

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