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iPower Secures Convertible Note to Launch Crypto Strategy

Story Highlights
  • iPower secured a $30 million secured convertible note facility to fund a Digital Asset Treasury and strengthen its balance sheet.
  • Shareholders approved major capital structure changes, including a large share authorization increase and potential reverse split, to support the crypto-focused strategy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
iPower Secures Convertible Note to Launch Crypto Strategy

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IPOWER ( (IPW) ) has provided an update.

On December 22–23, 2025, iPower Inc. entered into a $30 million senior secured convertible note facility with a U.S.-based institutional investor, initially issuing $9 million of 6% original issue discount notes bearing 10% interest and maturing in 2027, backed by a first-priority security interest over the company’s cryptocurrency and related assets and guaranteed by its subsidiaries. Around $4.4 million of the initial proceeds will fund a new Digital Asset Treasury holding Bitcoin and Ethereum, with additional funds earmarked to repay a short-term bridge loan, bolster working capital and, in later tranches, devote roughly 80% of proceeds to digital asset acquisitions, marking the company’s first concrete step in a broader crypto strategy that aims to integrate digital assets into real-world commerce. On December 21, 2025, stockholders holding 53.1% of voting power approved the financing facility, potential issuance of more than 20% of existing common shares at below Nasdaq’s minimum price, an increase in authorized share capital to 1 billion shares, authority for the board to implement a reverse stock split of up to 1-for-250, and adoption of a mirror preferred stock structure to help maintain Nasdaq listing compliance, moves that collectively expand iPower’s capital flexibility and reshape its balance sheet for digital asset-focused growth.

Spark’s Take on IPW Stock

According to Spark, TipRanks’ AI Analyst, IPW is a Neutral.

IPOWER’s overall stock score of 53 reflects its mixed financial performance, with significant profitability and cash flow challenges offset by recent positive earnings call outcomes. The technical analysis suggests a neutral trend, while the valuation metrics indicate potential overvaluation concerns. The company’s efforts to improve revenue and profitability, as highlighted in the earnings call, provide some optimism for future performance.

To see Spark’s full report on IPW stock, click here.

More about IPOWER

iPower Inc. is a technology- and data-driven online retailer and provider of value-added e-commerce services for third-party products and brands. The company operates a nationwide fulfillment network and is expanding its infrastructure across software, logistics and manufacturing, while also pursuing initiatives in digital assets and blockchain integration to link e-commerce with emerging crypto-based services.

Average Trading Volume: 58,156

Technical Sentiment Signal: Strong Sell

Current Market Cap: $12.6M

For detailed information about IPW stock, go to TipRanks’ Stock Analysis page.

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