iPower slashes convertible note offering to $3.1M, pivots to AI infrastructure

Filed August 18, 2026 · Compared to S-1 Jul 10, 2026 · ~1 min read

Key Changes

• high

  Offering size cut from $22.4M to $3.1M principal; shares registered for resale drop from 27.1M to 5.9M.

  Offering verify on EDGAR →
• high

  Company shifts strategic focus to AI infrastructure acquisition, financing, and leasing; reduces digital asset exposure.

  Prospectus Summary verify on EDGAR →
• high

  Sold all sUSDAI and Ethereum on Aug 14, 2026 for ~$1.57M; digital assets now subject to first-priority security interest.

  Prospectus Summary / Risk Factors view on EDGAR →