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iPower Inc. (NASDAQ:IPW) ("iPower" or the "Company"), a data and technology driven e-commerce retailer and infrastructure company, today announced that it is actively looking for alternative funding solutions as part of its ongoing efforts to strengthen its capital structure and enhance liquidity amid evolving financial conditions.
The Company is exploring options to replace its current bank-backed asset-based lending ("ABL") facility with a non-bank financing solution that offers greater flexibility and alignment with its current operating profile and long-term growth objectives. iPower believes that a more adaptable funding structure will provide improved access to working capital and better support the Company's strategic initiatives under the present credit environment.
Posted In: IPW
