iPower launches AI infrastructure strategy, commits up to $3M to sUSDai

iPower Inc.

Additional optional closing of $3M Series A notes on May 19, 2026; net proceeds of ~$2.82M after fees.
New AI infrastructure unit to invest in GPU clusters and digital assets; first investment in sUSDai, a yield-bearing instrument backed by GPU loans.
Up to $3.0M committed to sUSDai, funded from the $30M facility established Dec 2025.
Series A notes priced at $1.03/share (120% of May 18 closing); placement agent Digital Offering receives 6% cash fee.
CEO Lawrence Tan states compute infrastructure is a critical bottleneck; company intends to scale its AI capital deployment.

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