iPower Inc. filed Amendment No. 1 to a Form S-1 registration statement on October 30, 2026, covering the resale of up to 8,089,888 shares of common stock underlying a $3,000,000 Series A Senior Secured Convertible Note issued on September 15, 2026.

Key Highlights

  • Shares registered: Up to 8,089,888 shares of common stock, par value $0.001 per share, are covered by this registration statement for resale by a single institutional investor (the "Selling Stockholder").
  • Underlying note: The shares relate to conversion of a $3,000,000 Series A Senior Secured Convertible Note issued on September 15, 2026.
  • Assumed floor price: The share count is calculated using an assumed floor price equal to 20% of the Nasdaq closing price on October 29, 2026, or $0.445 per share.
  • Total facility activity to date: The company disclosed it has sold an aggregate total original principal amount of $15,184,024 in Series A Convertible Notes, with $15,000,000 of aggregate original principal amount remaining available for issuance.
  • Investor conversions to date: The Investor has converted a total of $11,941,224 of Series A Convertible Notes, resulting in 427,960 shares of common stock at an average per share conversion price of $27.90 on a post-reverse stock split basis.
  • Three reverse stock splits: The company effectuated a 1-for-8 reverse stock split on May 22, 2026, a 1-for-9 reverse stock split on August 7, 2026, and a 1-for-12 reverse stock split on October 26, 2026.
  • Stock price: The closing price of the common stock on the Nasdaq Capital Market on October 29, 2026 was $2.225 per share.

iPower Registers Additional Shares Under Ongoing Series A Convertible Note Facility

According to the filing, iPower Inc. (NASDAQ:IPW) submitted Amendment No. 1 to a Form S-1 registration statement to register shares issuable upon conversion of a Series A Senior Secured Convertible Note issued on September 15, 2026. The registration covers up to 8,089,888 shares of common stock that may be sold by the Selling Stockholder from time to time through public or private transactions at prevailing market prices, prices related to prevailing market prices, or privately negotiated prices. The company disclosed it will not receive any proceeds from the sale of shares by the Selling Stockholder.

The filing describes the broader context of the convertible note facility. On December 22, 2025, the company entered into a securities purchase agreement providing for up to $30,000,000 in 6% original issue discount convertible notes. An initial closing of $5,184,024 in Series A Convertible Notes occurred on December 23, 2025. The company has since registered shares under multiple prior registration statements, including a Form S-1 (File No. 333-292682), a Form S-1MEF (File No. 333-295172), and an additional Form S-1 (File No. 333-297399) filed to re-register securities issued as of August 2026. The current amendment (Registration No. 333-299480) specifically addresses shares underlying the note issued September 15, 2026.

The company disclosed that conversions to date used the "Alternate Optional Conversion Price," defined in the filing as "95% of the lowest daily VWAP of the common stock during the seven consecutive trading days ending on the trading day immediately before the conversion notice is delivered," rather than the Floor Price. The filing also noted that the company is classified as a non-accelerated filer and a smaller reporting company. The Selling Stockholder will bear all costs related to commissions and discounts attributable to sales of the shares, while the company will bear all other registration costs, expenses, and fees.

What Was Disclosed

iPower Inc. filed an S-1 amendment on October 30, 2026 to register up to 8,089,888 shares for resale by an institutional investor, tied to a $3,000,000 Series A Convertible Note issued September 15, 2026, within a broader facility totaling up to $30,000,000.