iPower Actively Pursuing Alternative Funding Solutions to Enhance Capital Flexibility

Core Viewpoint - iPower Inc. is actively seeking alternative funding solutions to strengthen its capital structure and enhance liquidity in response to changing financial conditions [1][2]. Group 1: Funding Strategy - The company is exploring options to replace its current bank-backed asset-based lending (ABL) facility with a non-bank financing solution that offers greater flexibility [2]. - iPower believes that a more adaptable funding structure will improve access to working capital and better support its strategic initiatives in the current credit environment [2][3]. Group 2: Management Perspective - The CEO of iPower, Lawrence Tan, emphasized that optimizing the capital structure is a top priority for the company [3]. - By diversifying financing sources and moving away from traditional bank-backed ABL facilities, iPower aims to enhance financial flexibility and effectively execute its growth plans while maintaining prudent balance-sheet management [3]. Group 3: Company Overview - iPower Inc. is a technology- and data-driven online retailer that provides value-added e-commerce services for third-party products and brands [3]. - The company operates a nationwide fulfillment network and is expanding its infrastructure across software, logistics, and manufacturing, with plans to pursue initiatives in digital assets and blockchain integration [3].