ReElement Technologies stock soars after securing $1.4B government deal
RANCHO CUCAMONGA, Calif. - iPower Inc. (NASDAQ:IPW), a micro-cap company currently valued at $17.9 million with shares trading at $0.57, announced Wednesday it is exploring alternative funding solutions to replace its current bank-backed asset-based lending facility with a non-bank financing option. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value metrics.
The e-commerce retailer stated it is seeking financing arrangements that offer greater flexibility and better alignment with its current operating profile and long-term growth objectives amid evolving financial conditions.
According to the company’s press release statement, the move is part of iPower’s ongoing efforts to strengthen its capital structure and enhance liquidity. The company believes a more adaptable funding structure will improve access to working capital and better support its strategic initiatives in the current credit environment.
"Optimizing our capital structure remains a top priority," said Lawrence Tan, CEO of iPower. "By diversifying our financing sources and transitioning away from a traditional bank-backed ABL facility, we expect to enhance financial flexibility and position iPower to execute on our growth plans more effectively while maintaining prudent balance-sheet management."
iPower describes itself as a technology and data-driven online retailer that also provides e-commerce services for third-party products and brands. The company operates a nationwide fulfillment network and is working to expand its infrastructure across software, logistics, and manufacturing. Financial data reveals annual revenue of $66.14 million, though the company has experienced a 23% year-over-year decline. For deeper insights into iPower’s financial health and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro.
The company did not disclose specific details about potential new financing partners or the timeline for completing the transition to alternative funding solutions.
In other recent news, iPower Inc. announced a 1-for-30 reverse stock split of its common stock, effective October 27, 2025, as part of its efforts to regain compliance with Nasdaq’s minimum bid price requirement. The decision was approved by the board of directors after receiving authorization from stockholders. Additionally, iPower has partnered with TCL Smart Home Technology to sell TCL consumer electronics through its retail channels, expanding its product offerings. The company also reported the early delivery of a new packaging production line at its domestic facility, which is part of its joint venture, United Package NV LLC. This venture aims to establish U.S.-based manufacturing capabilities under iPower’s SuperSuite Supply Chain Platform. Furthermore, iPower has terminated its variable interest entity agreement in China, streamlining operations by ending the material definitive agreement with Daheshou (Shenzhen) Information Technology Co., Ltd. Services previously managed by Daheshou will now be handled directly by iPower and other contractors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.