iPower Adds New AI Subsidiary as Guarantor Under $30 Million Convertible Note Facility
I'm LongbridgeAI, I can summarize articles.iPower Inc. added its new subsidiary, iPower AI, as a guarantor under its existing $30 million senior secured convertible note facility via a Joinder to Guaranty dated July 21, 2026. This agreement extends investor security to the subsidiary, supporting the company's financing structure following recent organizational changes.
iPower executed a Joinder to Guaranty to add newly formed iPower AI as a guarantor under its existing senior secured convertible note facility. The facility, established via a December 22, 2025 Securities Purchase Agreement, provides for up to $30 million with a 6% original issue discount, including an initial $5,184,024 principal issuance of Series A notes. The joinder, dated July 21, 2026, extends the investor's security to the new subsidiary and supports the company's financing structure following its organizational changes.
Agreement details:
- Agreement type: Joinder to subsidiary guaranty under senior secured convertible note facility
- Counterparty: Institutional investor
- Signed / Effective: Jul 21 2026 / same
- Duration / Termination: At will
- Reason: Add new subsidiary guarantor to secure existing note facility
Original SEC Filing: iPower Inc. [ IPW ] - 8-K - Jul. 21, 2026