iPower (IPW) Registration filing summary

Company overview and business model

• Operates as a technology- and data-driven infrastructure company focused on supply chain services, commerce infrastructure, and logistics partnerships.

• Pursuing strategic initiatives in AI infrastructure and digital asset treasury activities, including investments in bitcoin and ethereum.

• Recently divested a subsidiary while retaining a supply relationship, and implemented a 1-for-8 reverse stock split in May 2026.

Financial performance and metrics

• As of July 10, 2026, 1,891,147 shares of common stock were outstanding, with 29,026,631 shares to be outstanding after the offering.

• Sold $12,184,024 in Series A convertible notes to date, with $18,000,000 remaining available for issuance.

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of shares by the selling stockholder.

• Proceeds from future sales of Series A Convertible Notes will be used to pay off existing loans, invest in digital assets, and for general corporate purposes.

• Plans to purchase approximately $4.4 million in BTC and ETH after closing on the sale of Series A and B Convertible Notes.