iPower Inc. (IPW) Form S-1/A — Oct 30, 2026
iPower Inc. (Nasdaq: IPW) filed an S-1/A to register up to 8,089,888 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. The company receives no proceeds from these resale shares; the underlying notes bear 10% interest and are convertible at 95% of the lowest 7-day VWAP, subject to a $0.388 floor price. The dilution math is stark: iPower has just 596,808 shares outstanding, so this single registration could expand the share count more than 13-fold, and the broader $30 million facility still has $18 million of capacity remaining.
Key figures
- Gross Proceeds
- $3,000,000 principal of Series A Convertible Notes underlying registered shares (no proceeds to company from resale)
- Offering Price
- $0.445 assumed floor price (conversion)
- Shares Offered
- 8089888
- Shares Outstanding
- 596808
- Floor price
- $0.388
- Btc holdings
- 15.11524045 BTC (indicative value $1,190,325.88)
- Reverse splits
- ["1-for-8 (May 22, 2026)","1-for-9 (Aug 7, 2026)","1-for-12 (Oct 26, 2026)"]
- Note interest rate
- 10% per annum
- Registration expense
- $55,775
- Fixed conversion price
- $3.156
- Close price oct 29 2026
- $2.225
- Controlled account assets
- $6,008,237.25
- Series a remaining available
- $18,000,000
- Series a principal sold to date
- $15,184,024
- Shares outstanding after offering
- 8686696
AI analysis
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