iPower raises $2.8M via convertible notes to invest in digital assets, enters AI infrastructure business

Filed May 19, 2026 · Period ending May 19, 2026 · ~1 min read

Key Changes

• high

  iPower closed $3M convertible note financing (6% discount, $2.82M net) with conversion at $1.03/share—potential 2.9M share dilution if converted. Combined fees exceed 13% effective cost.

  Item 1.01 verify on EDGAR →
• high

  Board approved investing up to $3M in sUSDai, a yield-bearing digital asset, marking strategic shift into cryptocurrency holdings with distinct volatility and regulatory risks.

  Item 7.01 view on EDGAR →
• high

  Company announces entry into AI infrastructure business, including investments in digital assets aligned with AI infrastructure financing mandate—represents major strategic pivot.

  Item 7.01 Press Release view on EDGAR →