iPower IPW
iPower filed S-1/A with SEC
Securities offering (amended)
- Form
- S-1/A
- Filed
- Importance
- Routine
- Accession
- 0001683168-26-008203
- Up to 8,089,888 shares of common stock
- Underlying $3,000,000 of Series A senior secured convertible notes
- Purchase Agreement dated December 22, 2025
- Series A Convertible Notes issued at 20% of Nasdaq closing price
Written from the S-1/A on EDGAR. Check the filing before you rely on it.
What changed since the last draft
3 changes since the S-1 filed Oct 16, 2026
Compared with the S-1 0001683168-26-007908, filed Oct 16, 2026.
us to various risks, including the following:
Adds "are registering for resale herein up to 8,089,888"; drops "secured obligations of the Company and rank senior to all of the Company's other…".
From the filings
Before
us to various risks, including the following: bitcoin and other digital assets are subject to significant legal, commercial, regulatory, and technical uncertainty, and our DAT Strategy could subject us to enhanced regulatory oversight; regulatory changes could impact our ability to operate validators or receive rewards; regulatory scrutiny of the Company's activities may increase, potentially limiting our operations; potential litigation risks exist related to smart contract vulnerabilities, validator operations, or our business activities; uncertainty around bitcoin's regulatory status may impact our ability to list on certain exchanges; changes in political administration may not guarantee a favorable regulatory environment for bitcoin; increased regulatory focus on Layer-1 blockchains beyond Bitcoin and Ethereum could result in new compliance requirements. stock issuable upon conversion of up to $3,000,000 aggregate principal amount of our Series A senior secured convertible promissory notes, which we refer to herein as the "Series A Convertible Notes." The Series A Convertible Notes are senior secured obligations of the Company, bear interest at 10% per annum and are convertible into shares of our common stock. of our common stock issuable from time to time upon conversion of the Series A Convertible Notes. terms of the Series A Convertible Notes and the Purchase Agreement. Capitalized terms used in this description but not otherwise defined herein have the meanings assigned to them in the Series A Convertible Notes or the Purchase Agreement, as applicable. This summary is not complete and is qualified in its entirety by reference to the Series A Convertible Notes and the Purchase Agreement. Copies of those documents are available as described under " Where You Can Find More Information ." 10% per annum, are senior secured obligations of the Company, and are convertible into shares of our common stock as described below. outstanding, we are required to reserve…Now
us to various risks, including the following: bitcoin and other digital assets are subject to significant legal, commercial, regulatory, and technical uncertainty, and our DAT Strategy could subject us to enhanced regulatory oversight; regulatory changes could impact our ability to operate validators or receive rewards; regulatory scrutiny of the Company's activities may increase, potentially limiting our operations; potential litigation risks exist related to smart contract vulnerabilities, validator operations, or our business activities; uncertainty around bitcoin's regulatory status may impact our ability to list on certain exchanges; changes in political administration may not guarantee a favorable regulatory environment for bitcoin; increased regulatory focus on Layer-1 blockchains beyond Bitcoin and Ethereum could result in new compliance requirements. stock issuable upon conversion of up to $3,000,000 aggregate principal amount of our Series A senior secured convertible promissory notes, which we refer to herein as the "Series A Convertible Notes." The Series A Convertible Notes are senior secured obligations of the Company, bear interest at 10% per annum and are convertible into shares of our common stock. of our common stock issuable from time to time upon conversion of the Series A Convertible Notes. terms of the Series A Convertible Notes and the Purchase Agreement. Capitalized terms used in this description but not otherwise defined herein have the meanings assigned to them in the Series A Convertible Notes or the Purchase Agreement, as applicable. This summary is not complete and is qualified in its entirety by reference to the Series A Convertible Notes and the Purchase Agreement. Copies of those documents are available as described under " Where You Can Find More Information ." 10% per annum, are senior secured obligations of the Company, and are convertible into shares of our common stock as described below. outstanding, we are required to reserve…Additionally, the Supplement releases the Company and GPM from exclusive sourcing and distribution…
Drops "Company, GPM and ETTS AI entered into a supplement to the Supply and Distribution…".
From the filings
Before
Company, GPM and ETTS AI entered into a supplement to the Supply and Distribution Agreement (the "Supplement") pursuant to which GPM assumed $2,007,366.86 of accounts payable owed to the Company's suppliers in exchange for acquiring an equal amount of the Company's existing inventory. Additionally, the Supplement releases the Company and GPM from exclusive sourcing and distribution obligations owed to one another under the Supply and Distribution Agreement.Now
Additionally, the Supplement releases the Company and GPM from exclusive sourcing and distribution obligations owed to one another under the Supply and Distribution Agreement.Except as noted in this prospectus, the Selling Stockholder has not had any material relationship with us…
Drops "Stockholder are those shares issuable to the Selling Stockholder upon conversion of the…".
From the filings
Before
Stockholder are those shares issuable to the Selling Stockholder upon conversion of the Series A Convertible Notes, consisting of up to 26,459,406 shares of common stock underlying $3,000,000 of outstanding principal of the Series A Convertible Note. The Series A Convertible Note was issued to the Selling Stockholder in a private placement which closed on September 15, 2026. For additional information regarding the issuance of the Series A Convertible Note, see "Prospectus Summary - Recent Developments - Registered Direct Offering" above. We are registering the shares of common stock issuable upon conversion of the Series A Convertible Note in order to permit the Selling Stockholder to offer the Shares for resale from time to time. Except as noted in this prospectus, the Selling Stockholder has not had any material relationship with us within the past three years.Now
Except as noted in this prospectus, the Selling Stockholder has not had any material relationship with us within the past three years.
Show the redline
Section by section. Added words and removed words against the earlier filing.
Cover page 14 changes
1 unchanged paragraph
Registration No. 333- 333-299480
41 unchanged paragraphs
TO COMPLETION, DATED OCTOBER 15, 30, 2026
Up to 26,459,406 8,089,888 Shares of Common Stock Underlying
1 unchanged paragraph
This registration statement relates to the resale,
registration statement relates to the resale, from time to time, by a certain institutional investor or its permitted transferees (the "Investor" or "Selling Stockholder")
of up to an aggregate of 26,459,406 8,089,888 shares (the "Shares") of common stock, par value $0.001 per share (the "common stock"), of iPower Inc. (the "Company"), upon conversion of $3,000,000 of Series A secured convertible notes, including interest due thereunder, issued pursuant to the Purchase Agreement (as defined below) (the "Series A Convertible Note"). The Shares issuable upon conversion of the Series A Convertible Notes are calculated using an assumed floor price equal to 20% of the Nasdaq closing price on October 9, 2026, or $0.1359.
A Convertible Note"). The Shares issuable upon conversion of the Series A Convertible
Notes are calculated using an assumed floor price equal to 20% of the Nasdaq closing price on October 29, 2026, or $0.445.
5 unchanged paragraphs
A Convertible Notes, and instead converted at the Alternate Optional Conversion Price (as defined in the Series A Convertible Notes) of
To date, the Company has sold an aggregate total original principal amount of $15,184,024 in
original principal amount of $15,184,024 in Series A Convertible Notes to the Investor, with $15,000,000 of aggregate original principal amount of Series A Convertible Notes remaining available for issuance. To date, the Investor has converted a total of $11,366,224 $11,941,224 of the Series A Convertible Notes, resulting in the conversion of a total of 3,151,026 427,960 shares of common stock at an average per share conversion price of $3.61 $27.90 on a post-reverse stock split basis (accounting for a 1-for-8 reverse stock split effectuated May 22, 2026, and a 1-for-9 reverse stock split effectuated August 7, 2026, and a 1-for-12 reverse stock split effectuated October 26, 2026). During this time, we did not convert using the Floor Price, as defined in the Series A Convertible Notes, and instead converted at the Alternate Optional Conversion Price (as defined in the Series A
Convertible Notes) of 95% of the lowest daily VWAP of the common stock during the seven consecutive trading days ending on the trading day immediately before the conversion notice is delivered.
5 unchanged paragraphs
Our common stock is traded on the Nasdaq Capital Market under the symbol "IPW." On
under the symbol "IPW." On October 14, 29, 2026, the closing price of our common stock on the Nasdaq Capital Market was $0.403 per share.
11 unchanged paragraphs
Prospectus summary 23 changes
14 unchanged paragraphs
We continue to hold Bitcoin
As of October 13, 2026,
Bitcoin as of October 13, 29, 2026, but may retain, reduce or sell that position in the future in accordance with our policy and financing documents.
2026, we held the digital assets and controlled-account cash amounts set forth in the table below.
3 unchanged paragraphs
* Company-provided values as of October 13,
8 unchanged paragraphs
On June 30, 2026, the Company, GPM and ETTS AI
Company, GPM and ETTS AI entered into a supplement to the Supply and Distribution Agreement (the "Supplement") pursuant to which GPM assumed $2,007,366.86 of accounts payable owed to the Company's suppliers in exchange for acquiring an equal amount of the Company's existing inventory. Additionally, the Supplement releases the Company and GPM from exclusive sourcing and distribution obligations owed to one another under the Supply and Distribution Agreement.
Additionally, the Supplement releases the Company and GPM from exclusive sourcing and distribution obligations owed to one another under the Supply and Distribution Agreement.
Effective May 22, 2026, the Company implemented
May 22, 2026, the Company implemented a 1-for-8 reverse stock split of its common stock, under which every eight issued and outstanding pre-split shares were automatically reclassified into one post-split share with no change in par value, resulting in a proportionate adjustment to outstanding equity awards, warrants, and exercise prices (the "May Reverse Split").
1 unchanged paragraph
a 1-for-9 reverse split of its common stock, under which every nine issued and outstanding pre-split shares were automatically reclassified into one post-split share with no change in par value, resulting in a proportionate adjustment to outstanding equity awards, warrants and exercise prices (the "August Reverse Split"). with the August Reverse Split and May Reverse Split together referred to as the "Reverse Splits"). Unless otherwise noted, all information contained in this prospectus has been adjusted to reflect the Reverse Splits. The Reverse Splits had no effect on the total number of authorized shares of common stock or preferred stock.
Effective October 26, 2026, the Company implemented
a 1-for 12 reverse split of its common stock, under which every 12 issued and outstanding pre-split shares were automatically reclassified into one post-split share with no change in par value, resulting in a proportionate adjustment to outstanding equity awards, warrants and exercise prices (the "October Reverse Split," and together with the August Reverse Split and May Reverse Split referred to as the "Reverse Splits"). Unless otherwise noted, all information contained in this prospectus has been adjusted to reflect the Reverse Splits. The Reverse Splits had no effect on the total number of authorized shares of common stock or preferred stock.
2 unchanged paragraphs
State of California Nevada under the name BZRTH Inc. On September 4, 2020, we filed a Certificate of Amendment with the State of Nevada changing our name to iPower Inc. Our principal offices are located at 8798 9th Street, Rancho Cucamonga, CA 91730 and our phone number is (626) 863-7344. Our business website is www.meetipower.com. The website addresses referenced herein are not intended to function as hyperlinks, and the information contained in our websites is not incorporated by reference into this registration statement and should not be considered to be part of this registration statement.
1 unchanged paragraph
Up to 26,459,406 shares of common stock issuable upon conversion of the $3,000,000 aggregate principal amount, plus interest, of the Series A Convertible Notes.
6 unchanged paragraphs
596,808 shares (only giving
5,177,213 shares (only giving effect to shares converted to date under the Series B Convertible Notes in conjunction with a registered direct offering and to shares converted to date under the Series A Convertible Notes).
1 unchanged paragraph
8,686,696 shares (giving
31,636,619 shares (giving effect only to the shares being registered herein and issuable upon conversion of the Series A Convertible Note, and not including shares issuable upon conversion of Series A convertible Notes registered elsewhere).
9 unchanged paragraphs
is based on 5,177,213 596,808 shares of our common stock outstanding as of October 15, 30, 2026, and excludes the following:
50,000,000 shares of common stock which are reserved for issuance under our Third Amended and Restated 2020 Equity Incentive Plan, of which a total of 380,462 381,706 shares have been granted and 3,548 296 shares remain subject to vesting conditions including (i) 1,994 167 restricted stock units, and (ii) options to purchase 1,554 162 shares of common stock, of which 1,127 36 shares are vested and the remainder of which remain subject to vesting conditions;
81 shares of common stock
961 shares of common stock underlying the warrants issued on June 18, 2024, in a registered direct offering; and excludes all shares issuable upon conversion of the Series A Convertible Notes registered elsewhere, other than shares under the Series A Convertible Notes that have been converted to date.
Risk factors 5 changes
198 unchanged paragraphs
We are registering for resale herein up to 26,459,406
are registering for resale herein up to 8,089,888 shares of common stock issuable upon conversion of $3,000,000 aggregate principal amount of Series A Convertible Notes.
34 unchanged paragraphs
The Series A Convertible Notes are convertible
Series A Convertible Notes are convertible into shares of common stock, upon the conversion terms described above and as set forth in the Series A Convertible Notes. As of October 12, 30, 2026, our authorized capital stock consists of 980,000,000 shares of common stock, par value $0.001 per share, of which 5,177,213 596,808 shares of common stock were issued and outstanding; and 20,000,000 shares of preferred stock, par value $0.001 per share, none of which were issued and outstanding. The authorized and unissued shares of common stock and preferred stock are available for issuance without further action by our stockholders unless such action is required by applicable law or the rules of any stock exchange on which our securities may be listed. Unless approval of our stockholders is so required, our board of directors will not seek stockholder approval for the issuance and sale of our common stock.
and 20,000,000 shares of preferred stock, par value $0.001 per share, none of which were issued and outstanding. The authorized and unissued shares of common stock and preferred stock are available for issuance without further action by our stockholders unless such action is required by applicable law or the rules of any stock exchange on which our securities may be listed. Unless approval of our stockholders is so required, our board of directors will not seek stockholder approval for the issuance and sale of our common stock.
6 unchanged paragraphs
Use of proceeds 5 changes
4 unchanged paragraphs
The shares of common stock being offered by the Selling
Selling Stockholder are those shares issuable to the Selling Stockholder upon conversion of the Series A Convertible Notes, consisting of up to 26,459,406 8,089,888 shares of common stock underlying $3,000,000 of outstanding principal of the Series A Convertible Note, including accrued interest through October 30, 2026. The Series A Convertible Note was issued to the Selling Stockholder in a private placement which closed on September 15, 2026. For additional information regarding the issuance of the Series A Convertible Note, see "Prospectus Summary - Recent Developments - Registered Direct Offering" above. We are registering the shares of common stock issuable upon conversion of the Series A Convertible Note in order to permit the Selling Stockholder to offer the Shares for resale from time to time. Except as noted in this prospectus, the Selling Stockholder has not had any material relationship with us within the past three years.
Except as noted in this prospectus, the Selling Stockholder has not had any material relationship with us within the past three years.
1 unchanged paragraph
other information regarding the beneficial ownership (as determined under Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder) of shares of our common stock held by the Selling Stockholder. The second column lists the number of shares of common stock beneficially owned by the Selling Stockholder, which number includes the shares underlying the Convertible Note, as of October 15, 30, 2026, taking into account any limitations on conversions set forth therein. The third column lists the maximum number of the shares of common stock being offered in this prospectus by the Selling Stockholder and does not take into account any limitations on conversion of the Series A Convertible Notes set forth therein. The fourth column lists the amount of the shares of common stock owned after the offering, assuming in the sale of all of the Shares of common stock offered by the Selling Stockholder pursuant to this prospectus, and without regard to any limitations on conversions.
1 unchanged paragraph
rights agreement with the Selling Stockholder, this prospectus generally covers the resale of the maximum number of shares of common stock issued or issuable upon conversion of the Series A Convertible Note, including any interest due thereunder through October 15, 30, 2026, determined as if the Series A Convertible Note was issued as of the date hereof and were converted in full (without regard to any limitations on conversion contained therein solely for the purpose of such calculation) at the floor price in effect on the date this registration statement was initially filed with the SEC. Because the conversion price and floor price of the Series A Convertible Notes may be adjusted, the number of shares that will actually be issued may be more or less than the number of shares being offered by this prospectus.
2 unchanged paragraphs
Selling Stockholder 4 changes
5 unchanged paragraphs
Applicable percentage ownership is based on 5,177,512 596,808 shares of our common stock outstanding as of October 15, 30, 2026, and based on 31,636,619 8,686,696 shares of our common stock outstanding after the offering.
Represents 26,459,406 8,089,888 shares issuable upon conversion of $3,000,000 of a Series A Convertible Note, plus interest, issued to the Selling Stockholder on September 15, 2026, converted at an assumed floor price of $0.1359. $0.445.
This column lists the number of shares of our common stock
This column lists the number of shares of our common stock beneficially owned by this Selling Stockholder as of October 15, 30, 2026, after giving effect to the Maximum Percentage (as defined above). Without regard to the Maximum Percentage, as of October 15, 30, 2026, assuming the conversion of all Series A secured convertible notes held by the Selling Stockholder, including both the Series A Convertible Note and the $2,000,000 Series A convertible note issued to the Selling Stockholder on July 6, 2026 (the "July Convertible Note"), the Selling Stockholder would beneficially own an aggregate of 26,740,339 8,96,662 shares of our common stock, consisting of (i) 26,459,406 8,089,888 shares of common stock underlying the Series A Convertible Note held by the Selling Stockholder (assuming the Series A Convertible Note is converted in full at the floor price of $0.1359 $0.445 per share), all of which are being registered under this prospectus; and (ii) 280,933 6,744 shares of common stock underlying the July Convertible Note held by the Selling Stockholder (assuming the July Convertible Note is converted in full at a floor price of $3.60 $43.20 per share), none of which are being registered under this prospectus.
1 unchanged paragraph
Experts 1 change
1 unchanged paragraph
Inc. as of June 30, 2024 2025 and June 30, 2025 2026 incorporated by reference in this prospectus have been audited by HTL International, LLC, independent registered public accounting firm, as set forth in their report thereon, included therein, and are included in reliance upon such report given on the authority of such firm as experts in accounting and auditing.
Where You Can Find More Information 16 changes
12 unchanged paragraphs
our Quarterly Reports on Form 10-Q for the three months ended
September 30, 2025 , filed with the SEC on November 14, 2025, for the six months ended December 31, 2025 filed with the SEC on February 20, 2026, and for the nine months ended March 31, 2026 filed with the SEC on May 20, 2026;
our Annual Report on Form 10-K for the fiscal year ended June 30, 2025, filed with the SEC on October 2, 2026;
June 30, 2026, filed with the SEC on October 2, 2026;
1 unchanged paragraph
19, 2025 , September
23, 2025 , December 23, 2025 , December
29, 2025 , February 2, 2026 ,
February 10, 2026 , March
31, 2026 , April 17, 2026 , April
29, 2026 , May 19, 2026 , May
22, 2026 , May 26, 2026 , June
4, 2026 , July 2, 2026 , July
6, 2026 , July 21, 2026 , August
5, 2026 , and September 15, 2026 ;
2, 2026 , July 6, 2026 , July 15, 2026 , July 21, 2026 , July 23, 2026 , August 5, 2026 , September 15, 2026 , September 22, 2026 , and October 15, 2026 ;
9 unchanged paragraphs
Up to 26,459,406 8,089,888 Shares of Common Stock Underlying
2 unchanged paragraphs
Exhibits 1 change
33 unchanged paragraphs
To be filed by amendment.
Undertakings 5 changes
18 unchanged paragraphs
of the Securities Act of 1933 the registrant has duly caused this registration statement on Form S-1 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Rancho Cucamonga of the State of California, on October 15, 30, 2026 .
1 unchanged paragraph
Each person whose signature appears below constitutes
and appoints Chenlong Tan, as his or her true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for him or her and in his or her name, place, and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments, exhibits thereto and other documents in connection therewith) to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or either of them individually, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
1 unchanged paragraph
Act, this Registration Statement has been signed below by the following persons in the capacities and on October 13, 30, 2026.
Chief Executive Officer, Interim Chief Financial Officer, and Chairman of the Board of Directors (principal executive officer, principal financial officer and principal accounting officer) /s/ Yi Yang * Director October 15, 30, 2026 Yi Yang /s/ Bennet Tchaikovsky * Director October 15, 30, 2026 Bennet Tchaikovsky /s/ Yue Guo * Director October 15, 30, 2026 Yue Guo /s/ Hanxi Li * Director October 15, 30, 2026 Hanxi Li II- 6 *By:
Unchanged: About this Prospectus, Cautionary Statement Concerning Forward Looking Statements, Plan of distribution, Legal Matters, Other Expenses of Issuance, Indemnification of Directors and Officers, Recent Sales of Unregistered Securities
Compared by code from the two drafts’ text: offering terms first, then sections and risk factors added or removed, numbers that moved, and rewording. No model wrote this list. Not investment advice.
The S-1/A, section by section
3 sections, 15 points, each pinned to the sentence it rests on in the prospectus on EDGAR.
Offering terms
- Proposed symbol
- IPW
Our common stock is traded on the Nasdaq Capital Market under the symbol “IPW.” On October 29, 2026, the closing price of our common stock on the Nasdaq Capital Market was $2.225 per share.
As stated in the filing on Oct 30, 2026.
Prospectus Summary
- iPower is a technology- and data-driven infrastructure company with supply chain services and logistics capabilities. 1
- iPower has a digital asset treasury position that it is reducing to focus on AI infrastructure opportunities. 2
- iPower is offering up to 8,089,888 shares of common stock upon conversion of $3 million in Series A Convertible Notes. 3
- The Investor cannot beneficially own more than 4.99% of the company's common stock. 4
- The Investor can increase the ownership limit to 9.99% with 61 days' notice. 5
- The Company can redeem the Series A Convertible Notes at a 10% premium. 6
From the filing
iPower is a technology- and data-driven infrastructure company with a foundation in supply chain services, real-world commerce, and partner-based logistics and fulfillment capabilities.
BackManagement is currently reducing certain digital asset exposure and prioritizing direct AI infrastructure and related operating opportunities, subject to the restrictions applicable to assets held in the Company's controlled collateral account.
BackSecurities Offered: Up to 8,089,888 shares of common stock issuable upon conversion of the $3,000,000 aggregate principal amount, plus interest, of the Series A Convertible Notes.
BackConversions are prohibited to the extent they would cause the Investor (together with its affiliates) to beneficially own more than 4.99% of our outstanding common stock.
BackThe Investor may elect to increase this limit to 9.99% with 61 days’ prior written notice to us.
BackThe Company may redeem all or any portion of the Series A Convertible Notes at 10% premium on the conversion amount being redeemed (or 15% premium during an event of default).
Back
Risk Factors
- The sale of a substantial number of shares of iPower Inc.'s common stock could cause the price of its common stock to decline. 1
- iPower Inc. has never paid dividends on its capital stock and does not plan to in the foreseeable future. 2
- iPower Inc. holds USDai and sUSDai, which expose it to risks specific to the USD.AI protocol. 3
- The price of bitcoin is highly volatile and subject to dramatic fluctuations. 4
- iPower Inc. expects ASU 2023-08 to significantly affect the carrying value of its digital assets on its balance sheet. 5
- The adoption of ASU 2023-08 may increase the volatility of iPower Inc.'s financial results due to bitcoin price fluctuations. 6
From the filing
Sales of a substantial number of shares of our common stock in the public market could cause the price of our common stock to decline.
BackWe have never paid dividends on any of our capital stock and currently intend to retain any future earnings to fund the growth of our business.
BackFrom time to time, we may hold USDai and sUSDai. Such holdings of USDai and sUSDai would expose us to risks specific to the USD.AI protocol and sUSDai’s yield-bearing and redemption mechanics.
BackThe price of bitcoin has historically been subject to dramatic price fluctuations and is highly volatile.
BackASU 2023-08 does not permit retrospective restatement of prior periods. Accordingly, we expect the adoption of ASU 2023-08 to significantly affect the carrying value of our digital assets on our balance sheet.
BackDue in particular to the volatility in the price of bitcoin, we expect the adoption of ASU 2023-08 to increase the volatility of our financial results.
Back
Use of Proceeds
- iPower Inc. is not selling any common stock under this prospectus. 1
- All net proceeds from the sale of common stock will go to the Selling Stockholder. 2
- The Company will receive proceeds from the sale of Series A Convertible Notes. 3
From the filing
We are not selling any common stock under this prospectus, and we will not receive any proceeds from the sale of the common stock by the Selling Stockholder.
BackAll net proceeds from the sale of the common stock covered by this prospectus will go to the Selling Stockholder.
BackThe Company will receive proceeds upon the sale of the Series A Convertible Notes issued in any additional closing pursuant to the Purchase Agreement, which proceeds the Company intends to use to pay off existing loans, investing in additional digital assets, and for general corporate purposes.
Back
Not found in this filing: Capitalization, Dilution, Management’s discussion and analysis, Business, Management, Executive compensation, Principal stockholders, Financial statements.
Each point was written from that section’s text and kept only when the quoted sentence carries it. Not investment advice.
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