iPower (US:IPW) Globenewswire·2025-12-23 14:05Core Viewpoint - iPower Inc. has initiated a $30 million convertible note financing facility to support its Digital Asset Treasury strategy, aiming to integrate digital assets with real-world commerce [1][3]. Group 1: Financing and Strategy - The initial $9 million of the funding will allocate approximately $4.4 million to establish a Digital Asset Treasury, which will include Bitcoin and Ethereum [2]. - The remaining proceeds will be used to repay existing short-term loans and enhance working capital, with future tranches expected to direct about 80% towards acquiring digital assets [2][3]. - This financing is seen as a foundational step in executing a broader crypto strategy, leveraging the company's existing operational capabilities and revenue of $59 million over the trailing 12 months [3]. Group 2: Operational Goals - The company aims to create a strategic bridge between e-commerce and digital assets, focusing on integrating digital assets into everyday commerce to support long-term value creation [3]. - iPower is evaluating its operating and capital structure to maximize long-term stockholder value while pursuing strategic acquisitions and investment opportunities [3][7]. - The company plans to collaborate with licensed digital asset providers to develop compliant consumer-facing products, utilizing its existing digital platforms and analytics capabilities [7]. Group 3: Company Overview - iPower Inc. is a technology-driven online retailer providing e-commerce services for third-party products, with a nationwide fulfillment network and ongoing infrastructure expansion [4].