iPower Authorizes $2 Million Share Repurchase Program, First in Company History

Core Viewpoint - iPower Inc. has announced its first-ever share repurchase program, reflecting confidence in its financial position and strategic direction, with support from all creditors [1][2][3] Group 1: Share Repurchase Program - The share repurchase program is set at up to $2,000,000 and will be implemented soon, depending on market conditions and regulations [2] - This milestone indicates progress in strengthening the company's balance sheet and positions iPower for long-term value creation [3] Group 2: Financial Position and Strategy - The combination of new capital, cost-structure improvements, and the share repurchase program provides iPower with greater flexibility in capital allocation [3] - The company is focused on supporting its operating priorities and previously announced strategic initiatives while executing a broader crypto strategy [4]