iPower Inc. (IPW) Form 424B3 — Sep 18, 2026
iPower Inc. filed a Rule 424(b)(3) prospectus registering the resale of up to 9,636,864 shares of common stock issuable upon conversion of $3,099,444 of Series A senior secured convertible notes held by institutional investor ATW Digital Asset Opportunities XIV LLC. The company sells no shares itself and will receive no proceeds from the investor's sales. The registered shares equal roughly 8.3 times the 1,165,247 shares outstanding, lifting pro forma shares outstanding to 10,802,111.
Key figures
- Debt Amount
- 3099444
- Interest Rate
- 10% per annum (+7.0% default rate)
- Maturity Date
- 24-month anniversary of each note's issuance date
- Gross Proceeds
- $0 to the company; all resale proceeds go to the Selling Stockholder
- Shares Offered
- 9636864
- Shares Outstanding
- 1,165,247 prior to offering; 10,802,111 after giving effect to registered shares
- Btc held
- 15.11524045
- Floor price
- 0.374
- Facility oid
- 6% original issue discount
- Facility size
- 30000000
- Gpm divestiture note
- $2.3 million promissory note from ETTS AI
- Registration expenses
- 55775
- Series a sold to date
- 15184024
- Reverse split aug 2026
- 1-for-9
- Reverse split may 2026
- 1-for-8
- Series b note dec 2025
- 1815976
- Beneficial ownership limit
- 4.99% (increaseable to 9.99% with 61 days' notice)
- Company redemption premium
- 10% (15% during event of default)
- Placement agent commission
- 6% cash per closing (Digital Offering LLC)
- Principal converted to date
- 9359580
- Avg conversion price to date
- $10.94 (post-reverse-split basis)
- Series a remaining available
- 15000000
- Last closing price 2026 09 17
- 1.8
- Fixed conversion price feb 2026 note
- 5.11
- Fixed conversion price jul 2026 note
- 2.39
- Shares issued on conversions to date
- 855449
AI analysis
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