Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when IPW files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsiPower draws $3M more from convertible note facility, receives $2.82M net
Filed September 15, 2026 · Period ending September 15, 2026 · ~1 min read
Key Changes
-
high
iPower completed an additional $3M draw under its Series A convertible note facility, receiving $2.82M after the 6% original issue discount.
Item 1.01 verify on EDGAR → -
medium
The new notes convert at $3.156 per share, a 20% premium to the September 15, 2026 closing price.
Item 1.01 verify on EDGAR → -
medium
Total notes sold under the facility now stand at $15.18M, with $15M remaining available; $9.08M of notes have already converted to common stock.
Item 1.01 verify on EDGAR →
Summary
iPower Inc. drew an additional $3 million from its existing convertible note facility on September 15, 2026, receiving $2.82 million in cash after the 6% original issue discount. The new Series A Notes carry a fixed conversion price of $3.156 per share, a 20% premium to the stock's closing price that day. This is a routine draw under a previously announced purchase agreement, not a new financing arrangement.
The company has now sold about $15.18 million of notes under the facility, leaving $15 million available for future issuance. Roughly $9.08 million of the notes have already been converted into common stock, reducing outstanding debt. The filing does not disclose any new terms or changes to the facility beyond the additional closing.
For retail holders, the key takeaway is that iPower continues to access capital through this facility, and the conversion price is set at a premium to the current market price. The filing is procedural and does not signal any change in the company's financial condition or strategy.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On September 15, 2026, following the Investor’s notification to the Company of its intent to execute an Additional Optional Closing for $3,000,000 in aggregate principal amount of Series A Notes, the Company and the Investor consummated an Additional Optional Closing.
The company completed an additional draw under its existing convertible note facility, issuing $3,000,000 in Series A Notes. This is a new disclosure of a specific closing event under the previously announced Purchase Agreement.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Sep 15, 2026 · How we verify