iPower raises $2M via convertible note for AI and supply chain
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iPower Secures $2.0 Million Growth Capital to Advance AI, Supply Chain Infrastructure and Other Strategic Initiatives
July 6, 2026 8:45 AM EDTRANCHO CUCAMONGA, Calif., July 06, 2026 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) ("iPower" or the "Company") today announced it has secured a $2.0 million convertible note investment from an institutional investor, providing the Company with additional capital to advance its strategic growth initiatives. The unrestricted financing gives iPower full discretion to deploy capital toward high-priority opportunities, including artificial intelligence, supply chain infrastructure, and other value-driving corporate initiatives.
Management views this financing as a meaningful step in strengthening the Company's capital position as it pursues strategic opportunities designed to support long-term growth, drive revenue expansion, and... More
