Series A Notes
Note · iPower Inc.
Reference: Series A Notes
- Original principal
- USD 26,184,024
- Outstanding
- —
- Commitment
- —
- Availability
- —
- Maturity
- —
Covenant terms for this agreement are not yet verified.
Documents and filing history
- GoverningAgreement · EX-10.1 · 2025-12-23 — SECURITIES PURCHASE AGREEMENT
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Issuance
· 2025-12-23
Original principal USD 26,184,024 Exact source document
Parent 8-K/A filing · 2025-12-23
B. The Company has authorized (a) a new series of senior secured convertible notes of the Company, in the aggregate original principal amount of $26,184,024, substantially in the form attached hereto as **Exhibit A** (the “**Series A Notes**”), which Series A Notes shall be convertible into shares of Common Stock (as defined below) (the shares of Common Stock issuable pursuant to the terms of the Series A Notes, including, without limitation, upon conversion or otherwise, collectively, the “**Series A Conversion Shares**”), in accordance with the terms of the Notes and (b) a new series of senior secured convertible notes of the Company, in the aggregate original principal amount of $1,815,976, substantially in the form attached hereto as **Exhibit B** (the “**Series B Notes**”), which Series B Notes shall be convertible into shares of Common Stock (as defined below) (the shares of Common Stock issuable pursuant to the terms of the Series B Notes, including, without limitation, upon conversion or otherwise, collectively, the “**Conversion Shares**”), in accordance with the terms of the Series B Notes.
Issuer evidence: This **SECURITIES PURCHASE AGREEMENT** (the “**Agreement**”), dated as of December 22, 2025, is by and among iPower Inc., a Nevada corporation with offices located at 8798 9th Street, Rancho Cucamonga, CA 91730 (the “**Company**”), and each of the investors listed on the Schedule of Buyers attached hereto (individually, a “**Buyer**” and collectively, the “**Buyers**”).
Supporting evidence: B. The Company has authorized (a) a new series of senior secured convertible notes of the Company, in the aggregate original principal amount of $26,184,024, substantially in the form attached hereto as **Exhibit A** (the “**Series A Notes**”), which Series A Notes shall be convertible into shares of Common Stock (as defined below) (the shares of Common Stock issuable pursuant to the terms of the Series A Notes, including, without limitation, upon conversion or otherwise, collectively, the “**Series A Conversion Shares**”), in accordance with the terms of the Notes and (b) a new series of senior secured convertible notes of the Company, in the aggregate original principal amount of $1,815,976, substantially in the form attached hereto as **Exhibit B** (the “**Series B Notes**”), which Series B Notes shall be convertible into shares of Common Stock (as defined below) (the shares of Common Stock issuable pursuant to the terms of the Series B Notes, including, without limitation, upon conversion or otherwise, collectively, the “**Conversion Shares**”), in accordance with the terms of the Series B Notes.
Supporting evidence: B. The Company has authorized (a) a new series of senior secured convertible notes of the Company, in the aggregate original principal amount of $26,184,024, substantially in the form attached hereto as **Exhibit A** (the “**Series A Notes**”), which Series A Notes shall be convertible into shares of Common Stock (as defined below) (the shares of Common Stock issuable pursuant to the terms of the Series A Notes, including, without limitation, upon conversion or otherwise, collectively, the “**Series A Conversion Shares**”), in accordance with the terms of the Notes and (b) a new series of senior secured convertible notes of the Company, in the aggregate original principal amount of $1,815,976, substantially in the form attached hereto as **Exhibit B** (the “**Series B Notes**”), which Series B Notes shall be convertible into shares of Common Stock (as defined below) (the shares of Common Stock issuable pursuant to the terms of the Series B Notes, including, without limitation, upon conversion or otherwise, collectively, the “**Conversion Shares**”), in accordance with the terms of the Series B Notes.