secwatch.observer — SEC 8-K summary
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Issuer:     iPower Inc. (IPW)
CIK:        0001830072
Form:       8-K
Filed at:   2026-09-15T21:19:41+00:00
Accession:  0001683168-26-007176
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830072/000168316826007176/0001683168-26-007176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830072/000168316826007176/ipower_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-007176

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer