iPower issues $3 million senior secured convertible notes
iPower completed an Additional Optional Closing, issuing $3,000,000 in Series A senior secured convertible notes to an institutional investor, priced to yield about $2,820,000 in gross proceeds.
iPower completed an Additional Optional Closing under its existing Securities Purchase Agreement, issuing $3,000,000 in Series A senior secured convertible notes to an institutional investor. The company received approximately $2,820,000 in gross proceeds (priced at $940 per $1,000 principal), befo…