iPower repaid its ABL with JPMorgan, secured a bridge loan, and is exploring long-term capital solutions for growth.
Quiver AI Summary
iPower Inc. has fully repaid its asset-based lending facility with JPMorgan Chase Bank as of December 7, 2025, and is in the process of terminating the related UCC filings. To manage the payoff and enhance financial flexibility, the company secured a bridge loan at a 6.5% interest rate without fees, primarily used for retiring the ABL. CEO Lawrence Tan emphasized that this move allows iPower to simplify its capital structure and pursue strategic growth opportunities while maintaining cost discipline. Additionally, iPower plans to explore long-term capital solutions aligned with its objectives in e-commerce and technology.
Potential Positives
- Full repayment of the asset-based lending facility improves the company’s financial health and reduces debt obligations.
- Initiation of UCC lien terminations indicates a move toward a cleaner capital structure.
- The secured bridge loan provides transitional liquidity with favorable terms, enabling the company to pursue strategic growth opportunities.
- Expanded flexibility to evaluate a broader range of financing alternatives aligns with the company’s growth priorities.
Potential Negatives
- The reliance on a 6.5% bridge loan indicates a need for immediate liquidity, which suggests potential cash flow issues or financial instability.
- The need to secure a bridge loan to repay the ABL may raise concerns about the company's overall debt management and long-term financial planning.
- The press release emphasizes a transition to a more flexible capital structure but does not provide specific details on how this will lead to improved financial performance, leaving investors uncertain about future outcomes.
FAQ
What recent financial milestone did iPower achieve?
iPower fully repaid its asset-based lending facility with JPMorgan Chase Bank on December 7, 2025.
What is the interest rate on iPower's new bridge loan?
The bridge loan secured by iPower has an interest rate of 6.5% per annum.
Why did iPower secure a bridge loan?
iPower used the bridge loan primarily to retire its asset-based lending facility while exploring longer-term capital solutions.
How does this financial move affect iPower's capital structure?
This repayment and loan provide iPower with a simpler and more flexible capital structure for future growth initiatives.
What are iPower's future plans following the loan repayment?
iPower plans to pursue strategic growth opportunities and evaluate longer-term capital solutions aligned with its objectives.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$IPW Revenue
$IPW had revenues of $12M in Q1 2026. This is a decrease of -36.78% from the same period in the prior year.
You can track IPW financials on Quiver Quantitative's IPW stock page.
$IPW Hedge Fund Activity
We have seen 8 institutional investors add shares of $IPW stock to their portfolio, and 10 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VANGUARD GROUP INC removed 458,237 shares (-96.6%) from their portfolio in Q3 2025, for an estimated $7,115,504
- CHICO WEALTH RIA removed 236,795 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $122,565
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- OSAIC HOLDINGS, INC. added 5,230 shares (+3076.5%) to their portfolio in Q3 2025, for an estimated $81,211
- CITADEL ADVISORS LLC removed 2,195 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $42,572
- VIRTU FINANCIAL LLC added 942 shares (+inf%) to their portfolio in Q3 2025, for an estimated $14,627
- XTX TOPCO LTD added 785 shares (+160.2%) to their portfolio in Q3 2025, for an estimated $12,189
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
RANCHO CUCAMONGA, Calif., Dec. 09, 2025 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), today announced the full repayment of its asset-based lending facility (“ABL”) with JPMorgan Chase Bank, N.A. on December 7, 2025. Additionally, the Company has initiated the termination of the related Uniform Commercial Code (“UCC”) filings. To facilitate the payoff and provide near-term flexibility, iPower secured a bridge loan bearing interest at 6.5% per annum, with no fees, used largely to retire the ABL while it evaluates longer-term capital solutions.
“Today we turned the page to a simpler, more flexible capital structure,” said Lawrence Tan, CEO of iPower. “By retiring the ABL and moving quickly to clear the related liens, we’re positioning iPower to go on offense. The bridge loan gives us a clean, predictable runway as we pursue ‘true opportunities’—the ones that can meaningfully advance our retail engine and adjacent initiatives—while staying disciplined on cost and execution. We will also continue to evaluate longer-term capital solutions that align with our strategic growth and profitability objectives.”
Transaction Highlights
- ABL repaid in full on December 7, 2025 .
- UCC lien terminations initiated related to the legacy facility.
- 6.5% no-fee bridge , used primarily to fund the payoff and provide transitional liquidity.
-
Expanded flexibility
to evaluate a broader range of financing alternatives aligned with growth priorities.
About iPower Inc.
iPower Inc. (Nasdaq: IPW) is a technology- and data-driven online retailer and a provider of value-added e-commerce services for third-party products and brands. iPower operates a nationwide fulfillment network and is expanding infrastructure across software, logistics, and manufacturing, with an aim to also pursue initiatives in digital assets and blockchain integration. For more information, please visit www.meetipower.com .
Forward-Looking Statements
All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that iPower believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. iPower undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although iPower believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and iPower cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results and performance in iPower's Annual Report on Form 10-K and in its other SEC filings, including its Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
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