iPower shares surge 10.79% premarket after amending promissory note to expand digital asset strategy.

iPower surged 10.79% in premarket trading, likely driven by news that it amended a $2.3 million promissory note from its 2026 GPM transaction, signaling improved financial flexibility. This development follows a series of strategic moves, including repaying debt, securing a $30 million convertible note facility, and expanding its digital asset treasury. The amendment suggests progress in restructuring obligations and aligning with its evolving crypto and blockchain strategy, which has previously supported share price momentum.