iPower Inc. (IPW) Announces $5 Million Registered Direct Offering

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Go back to iPower Inc. (IPW) Announces $5 Million Registered Direct Offering

iPower Inc. Announces $5 Million Registered Direct Offering

June 17, 2024 7:45 AM EDT

RANCHO CUCAMONGA, Calif., June 17, 2024 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (iPower or the Company), a tech and data-driven online retailer and supplier of consumer home, pet and garden products, as well as a provider of value-added ecommerce services, today announced that it has entered into a definitive securities purchase agreement for the purchase and sale of 2,083,334 shares of the Companys common stock (or common stock equivalents) at a purchase price of $2.40 per share of common stock (or common stock equivalent) in a registered direct offering. In a concurrent private placement, the... More