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

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.

Rhea-AI Summary

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.

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

Argus Dec 9 session

+14.98% close to close Open Argus

Details

News Market Reaction – IPW

On Dec 9, the day this news came out, IPW closed 14.98% above the previous close.

Data tracked by StockTitan Argus for the Dec 9 session.

Key Figures

Bridge loan rate: 6.5% per annum

Bridge loan rate

6.5% per annum

Interest on bridge loan used to retire JPMorgan ABL

Historical Context

5 past events · Latest: Nov 14

5 events

1. Nov 14

   Earnings update

   24h Move

   -2.5%

   Fiscal Q1 2026 results with lower revenue but improved net loss and debt.

2. Nov 11

   Listing compliance

   24h Move

   -1.1%

   Regained compliance with Nasdaq’s $1.00 minimum bid price requirement.

3. Oct 22

   Funding strategy

   24h Move

   +4.5%

   Announced pursuit of alternative funding to enhance capital flexibility.

4. Oct 21

   Reverse stock split

   24h Move

   -8.3%

   1-for-30 reverse split to help regain Nasdaq minimum bid compliance.

5. Oct 09

   Earnings update

   24h Move

   +6.9%

   Full-year 2025 results with declining revenue and wider net loss.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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. How Rhea-AI works. Not financial advice.

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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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.