iPower draws additional $3M on senior secured convertible note facility at $3.156 conversion

iPower Inc.

Issued $3.0M principal Series A senior secured convertible note on Sept 15, 2026; received ~$2.82M gross proceeds (6% OID).
Conversion price fixed at $3.156, equal to 120% of Nasdaq close on Sept 15, 2026.
Cumulative Series A notes sold reach $15.18M; $15.0M remains available and $9.08M already converted.
Placement agent Digital Offering earns 6% cash fee; proceeds before fees/expenses from this closing.
New note issued under Regulation D exemption; no event of default existed at closing.

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