RANCHO CUCAMONGA, Calif., July  06, 2026  (GLOBE NEWSWIRE) -- iPower Inc. (NASDAQ:IPW) (&#34;iPower&#34; or the &#34;Company&#34;) today announced it has secured a $2.0 million convertible note investment from an

iPower Secures $2.0 Million Growth Capital to Advance AI, Supply Chain Infrastructure and Other Strategic Initiatives

iPower secures $2 million convertible note to fund AI infrastructure expansion

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  <section data-block="information">
    <h3>Information</h3>
    <p>RANCHO CUCAMONGA, Calif., July  06, 2026  (GLOBE NEWSWIRE) -- iPower Inc. (NASDAQ:IPW) (&amp;#34;iPower&amp;#34; or the &amp;#34;Company&amp;#34;) today announced it has secured a $2.0 million convertible note investment from an</p>
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    <h3>AI Summary</h3>
    <p>iPower announced a $2.0 million convertible note from an institutional investor, giving it unrestricted cash to pursue growth initiatives, notably AI infrastructure and supply chain enhancements. Management framed the financing as strengthening the balance sheet and enabling accelerated investments, potentially lifting revenue growth and margins over the long term, though dilution risk from potential conversion remains.</p>
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    <h3>Key Points</h3>
    <ul><li>iPower secures a $2.0M convertible note from an institutional investor.</li><li>Unrestricted financing allows deployment toward AI infrastructure and supply-chain opportunities.</li><li>Management calls the financing a meaningful step to long-term growth and profitability.</li><li>Company targets AI infrastructure investments and related financing ecosystems.</li><li>Forward-looking statements caution investors; review SEC filings for risks.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>iPower Inc. (IPW)</strong>: Issuer; announces $2.0M convertible note financing to advance AI infra and supply-chain initiatives.</li><li><strong>Institutional Investor (N/A)</strong>: Provided the $2.0M convertible note; terms undisclosed.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>The piece reflects a corporate development that improves liquidity to pursue AI infra and supply-chain initiatives, aligning with IPW&#039;s strategic pivot; potential upside exists if funded projects monetize, though dilution risk remains.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Convertible note of $2.0M announced; potential dilution upon conversion.</li><li>Unrestricted use of proceeds targets AI infrastructure and supply-chain investments.</li><li>Management signals long-term revenue growth and profitability goals.</li><li>Small-cap financing news may lift near-term sentiment but lacks guaranteed revenue impact.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date: July 6, 2026 (Globe Newswire).</li><li>Amount: $2.0 million convertible note.</li><li>Investor: institutional investor (unnamed).</li><li>Use: AI infrastructure, supply chain, and other growth opportunities.</li><li>CEO: Lawrence Tan emphasizes flexibility to deploy capital.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>IPW could rerate higher if AI infra investments boost revenue and margins; monitor potential dilution terms in coming quarters.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>RANCHO CUCAMONGA, Calif., July  06, 2026  (GLOBE NEWSWIRE) -- iPower Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/IPW">IPW</a>) (&#34;iPower&#34; or the &#34;Company&#34;) 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.</p>  <p>Management views this financing as a meaningful step in strengthening the Company&#39;s capital position as it pursues strategic opportunities designed to support long-term growth, drive revenue expansion, and enhance profitability.</p>  <p>&#34;This investment is a strong vote of confidence in iPower&#39;s strategy and our ability to execute,&#34; said Lawrence Tan, Chief Executive Officer of iPower. &#34;The unrestricted nature of this capital gives us the flexibility to move decisively on the opportunities we believe will create the most value for our stockholders — particularly across AI infrastructure and supply chain innovation. We view this as a pivotal step in our strategy to drive sustained revenue growth, expand margins, and build a more profitable, scalable business for the long term.&#34;</p>  <p><strong>About iPower Inc.</strong></p>  <p>iPower Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/IPW">IPW</a>) is a technology- and data-driven company executing a focused strategy at the intersection of AI infrastructure and real-world commerce. Building on its established e-commerce operations, technology platform, and capital markets experience, the Company is expanding into AI infrastructure investments and related financing ecosystems.</p>  <p>Through targeted investments in digital assets, infrastructure financing protocols, and other AI-related opportunities, iPower seeks to participate in the growth of the compute, data center, and infrastructure layers that support artificial intelligence. Leveraging its operating experience, ecosystem relationships, and capital markets access, iPower is building a scalable business designed to generate durable long-term value for stockholders.</p>  <p>For more information, please visit www.meetipower.com.</p>  <p><strong>Forward-Looking Statements</strong></p>  <p>All statements other than statements of historical fact in this press release are &#34;forward-looking statements&#34; as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company&#39;s convertible note financing, use of proceeds, potential AI-related investments, supply chain infrastructure opportunities, anticipated revenue growth and profitability, future capital deployment, business opportunities, and long-term stockholder value creation. These statements involve known and unknown risks and uncertainties and are based on current expectations and projections. Actual results may differ materially from those set forth herein. iPower undertakes no obligation to update forward-looking statements except as required by law. Investors are encouraged to review iPower&#39;s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.</p>  <p><strong>Investor Relations Contact</strong></p>  <p>IPW.IR@meetipower.com</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc1NzE0NSM3NjkxNTM5IzIyMDg3MjI="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YTg4NjhlZmUtNDIxMy00OGNkLTk0ZDItZTBjYWZkODI3YWNhLTEyMjAyNzUtMjAyNi0wNy0wNi1lbg==/tiny/IPOWER.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/da377e2b-a040-4485-b5c4-233fc871ed89"><img src="https://ml.globenewswire.com/media/da377e2b-a040-4485-b5c4-233fc871ed89/small/ip-logo-blue-300ppi-png.png" border="0" width="150" height="34" alt="Primary Logo"></img></a></p>

iPower announced a $2.0 million convertible note from an institutional investor, giving it unrestricted cash to pursue growth initiatives, notably AI infrastructure and supply chain enhancements. Management framed the financing as strengthening the balance sheet and enabling accelerated investments, potentially lifting revenue growth and margins over the long term, though dilution risk from potential conversion remains.

iPower Secures $2.0 Million Growth Capital to Advance AI, Supply Chain Infrastructure and Other Strategic Initiatives

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