iPower shares surge 20.14% premarket after amending $2.3 million promissory note in asset transaction.

iPower surged 20.14% in premarket trading following news that it amended a $2.3 million promissory note as part of its strategic reorganization, including the transfer of software assets to a subsidiary and subsequent equity sale to ETTS AI. This development suggests progress in restructuring the company’s balance sheet and aligning its business focus, potentially signaling improved financial flexibility and operational clarity to investors.