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iPower Announces Repayment of JPMorgan Asset-Based Lending Facility and Begins Related UCC Lien Terminations

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iPower (Nasdaq: IPW) announced it fully repaid its asset-based lending facility with JPMorgan Chase Bank on December 7, 2025 and has initiated termination of the related UCC liens.

To fund the payoff and provide near-term flexibility, iPower secured a no-fee bridge loan at 6.5% per annum to retire the ABL while evaluating longer-term capital solutions.

Management described the actions as simplifying the capital structure, clearing liens, and creating runway to pursue growth and profitability priorities.

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Positive

  • ABL repaid in full on December 7, 2025
  • UCC lien terminations initiated to clear legacy encumbrances
  • 6.5% no-fee bridge loan provides near-term transitional liquidity
  • Management cites expanded flexibility to evaluate longer-term financing options

Negative

  • Bridge loan creates new interest expense at 6.5% per annum
  • Bridge is interim financing pending longer-term capital solutions

News Market Reaction

+14.98% 12.8x vol
22 alerts
+14.98% News Effect
+99.3% Peak Tracked
-18.1% Trough Tracked
+$2M Valuation Impact
$13M Market Cap
12.8x Rel. Volume

On the day this news was published, IPW gained 14.98%, reflecting a significant positive market reaction. Argus tracked a peak move of +99.3% during that session. Argus tracked a trough of -18.1% from its starting point during tracking. Our momentum scanner triggered 22 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $2M to the company's valuation, bringing the market cap to $13M at that time. Trading volume was exceptionally heavy at 12.8x the daily average, suggesting very strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Bridge loan rate: 6.5% per annum
1 metrics
Bridge loan rate 6.5% per annum Interest on bridge loan used to retire JPMorgan ABL

Market Reality Check

Price: $4.34 Vol: Volume 13,711 is 0.46x th...
low vol
$4.34 Last Close
Volume Volume 13,711 is 0.46x the 20-day average 30,058, indicating subdued trading interest before this news. low
Technical Shares at $10.55 are trading below the 200-day MA of $16.46, and about 69.55% under the 52-week high.

Peers on Argus

Two internet retail peers in the momentum set, JFBR and WBUY, were both down sha...
2 Down

Two internet retail peers in the momentum set, JFBR and WBUY, were both down sharply (-13.74% and -15.27%). With IPW down 4.87%, weakness appears partly tied to broader sector pressure.

Historical Context

5 past events · Latest: Nov 14 (Neutral)
Pattern 5 events
Date Event Sentiment Move Catalyst
Nov 14 Earnings update Neutral -2.5% Fiscal Q1 2026 results with lower revenue but improved net loss and debt.
Nov 11 Listing compliance Positive -1.1% Regained compliance with Nasdaq’s $1.00 minimum bid price requirement.
Oct 22 Funding strategy Positive +4.5% Announced pursuit of alternative funding to enhance capital flexibility.
Oct 21 Reverse stock split Negative -8.3% 1-for-30 reverse split to help regain Nasdaq minimum bid compliance.
Oct 09 Earnings update Negative +6.9% Full-year 2025 results with declining revenue and wider net loss.
Pattern Detected

Stock reactions have been mixed, with some positive strategic or funding updates sold off, while negative fundamentals occasionally saw upside moves.

Recent Company History

Over the last few months, iPower reported weaker revenue trends and widening full-year losses, while steadily reducing debt and pursuing alternative funding solutions. A 1-for-30 reverse split and subsequent regaining of Nasdaq bid-price compliance reshaped the capital structure. Recent earnings showed improved net loss and lower operating expenses. Today’s announcement about fully repaying the JPMorgan ABL facility and clearing related UCC liens continues this focus on capital structure simplification and flexibility.

Market Pulse Summary

The stock surged +15.0% in the session following this news. A strong positive reaction aligns with t...
Analysis

The stock surged +15.0% in the session following this news. A strong positive reaction aligns with the company’s recent focus on strengthening its balance sheet. Fully repaying the JPMorgan ABL facility and initiating UCC lien terminations simplified the capital structure and followed prior efforts to cut debt and seek alternative funding. However, investors would need to weigh the new 6.5% bridge loan obligations and historically volatile reactions to capital-structure news when assessing how durable any upside might be.

Key Terms

asset-based lending facility, uniform commercial code, ucc filings, bridge loan, +1 more
5 terms
asset-based lending facility financial
"announced the full repayment of its asset-based lending facility"
A lending arrangement where a company borrows money using specific assets—such as unpaid customer invoices, inventory, or equipment—as collateral, similar to using items at a pawn shop to get a short-term loan. Investors care because it alters a company’s cash flow and risk profile: it can provide quick working capital but increases secured obligations and can affect lenders’ priority if the business runs into financial trouble. The terms and size of the facility also influence borrowing costs and financial flexibility.
uniform commercial code regulatory
"termination of the related Uniform Commercial Code (“UCC”) filings"
A standardized set of laws used across U.S. states that creates a common rulebook for everyday business deals like selling goods, lending with collateral, and transferring negotiable instruments. For investors it matters because the UCC determines how rights to property and payments are established, recorded and enforced — like rules that decide who gets paid first if a borrower fails — making lending, trading and corporate deals more predictable.
ucc filings regulatory
"termination of the related Uniform Commercial Code (“UCC”) filings"
UCC filings are public records under the Uniform Commercial Code that show when a lender or creditor claims a security interest in a company’s assets — typically filed as a financing statement. For investors, they matter because these filings reveal encumbrances and the order of promised claims on assets (who gets paid first), which affects a company’s financial risk, borrowing capacity, and how much value remains for shareholders in distress, like an asset being pledged as collateral.
bridge loan financial
"iPower secured a bridge loan bearing interest at 6.5% per annum"
A bridge loan is a short-term loan used to quickly provide funds until a larger, long-term financing option is in place. It acts like a temporary bridge, helping individuals or businesses cover immediate expenses or complete transactions without delay. For investors, it’s important because it offers quick access to cash but often comes with higher costs and short repayment periods.
lien regulatory
"UCC lien terminations initiated related to the legacy facility"
A lien is a legal claim a lender or creditor places on an asset—like property, equipment, or a bank account—giving them the right to seize or force sale of that asset if the borrower fails to repay what they owe. For investors, liens matter because they reduce the value or saleability of an asset, increase risk of loss if a company defaults, and reveal that cash flow or collateral is already promised to others, much like a mortgage limits what a homeowner can freely sell.

AI-generated analysis. Not financial advice.

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.

Media & Investor Contact

IPW.IR@meetipower.com


FAQ

What did iPower (IPW) announce on December 9, 2025 about its JPMorgan ABL?

iPower announced it repaid the JPMorgan ABL in full on December 7, 2025 and began terminating the related UCC liens.

How did iPower fund the ABL payoff for IPW on December 2025?

iPower used a no-fee bridge loan at 6.5% per annum primarily to retire the ABL and provide transitional liquidity.

What immediate shareholder impact does the IPW bridge loan have?

The bridge provides a cleaner capital structure and runway but creates near-term interest expense at 6.5%.

Are UCC liens related to iPower’s legacy facility being removed for IPW?

Yes; iPower has initiated termination of the related UCC filings tied to the legacy ABL.

Will iPower (IPW) seek longer-term financing after the December 2025 bridge loan?

Yes; the company said it will continue to evaluate longer-term capital solutions aligned with growth and profitability objectives.

Does the IPW announcement change iPower’s capital flexibility?

The company stated the repayment and bridge loan expand flexibility to evaluate a broader range of financing alternatives.
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RANCHO CUCAMONGA