iPower secures $2.0M convertible note for AI and supply chain initiatives

iPower Inc.

$2.0M principal Series A convertible note issued; net proceeds ~$1.88M after fees.
Conversion price fixed at $2.39 (120% of Nasdaq close on July 2, 2026).
Unrestricted capital to be deployed toward AI, supply chain infrastructure, and strategic growth.
Amendment No. 1 increased facility by $2.0M and removed use-of-proceeds restrictions.
Total Series A notes sold to date: $10.18M; $18.0M remaining available under facility.

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