iPower Repays Loan, Simplifies Capital Structure
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iPower Inc. has fully repaid its asset-based lending facility with JPMorgan Chase Bank, aiming to simplify its capital structure and enhance flexibility for long-term capital solutions. This move positions iPower to focus on growth opportunities and strategic initiatives, improving retail operations and adjacent projects. Despite mixed financial performance, recent positive earnings call outcomes provide optimism for future performance. iPower is expanding its infrastructure across software, logistics, and manufacturing, with plans for digital assets and blockchain integration.
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