iPower Inc. (IPW) Form S-1 — Oct 15, 2026
iPower Inc. (Nasdaq: IPW) filed an S-1 to register up to 26,459,406 shares for resale by ATW Digital Asset Opportunities XIV LLC, issuable upon conversion of a $3.0 million Series A senior secured convertible note issued September 15, 2026 at 10% interest. The company receives no proceeds from these sales. The registered share count is more than five times the company's 5,177,213 shares outstanding, with conversions assumed at a floor price of $0.1359 versus the $0.403 market close.
Key figures
- Debt Amount
- 3000000
- Interest Rate
- 10
- Maturity Date
- 24-month anniversary of applicable issuance date
- Gross Proceeds
- Company receives no proceeds from this resale; notes issued for $3,000,000 principal
- Offering Price
- Floor price $0.1359 per share (assumed); $0.403 Nasdaq close on Oct 14, 2026
- Shares Offered
- 26459406
- Shares Outstanding
- 5177213
- Btc held
- 15.11524045 BTC (~$1,255,910)
- Floor price
- 0.1359
- Total facility
- $30,000,000 convertible note facility (6% OID)
- Remaining available
- $15,000,000-$18,000,000 (differing disclosures)
- Registration expenses
- 55775
- Reverse split ratio 1
- 1-for-8 (May 22, 2026)
- Reverse split ratio 2
- 1-for-9 (August 7, 2026)
- Fixed conversion price
- 3.156
- Principal sold to date
- 15184024
- Shares converted to date
- 3151026
- Shares outstanding after
- 31636619
- Principal converted to date
- 11366224
- Avg conversion price to date
- 3.61
AI analysis
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