iPower Adds Over $2.6 Million in Contracted, Non-Dilutive Income Through Sublease Agreement
iPower (Nasdaq: IPW) entered a sublease for part of its Rancho Cucamonga facility, creating a contracted, non-dilutive income stream over a 25-month term.
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Rhea-AI Summary
iPower (Nasdaq: IPW) entered a sublease for part of its Rancho Cucamonga facility, creating a contracted, non-dilutive income stream over a 25-month term.
The sublease commenced May 1, 2026 and runs through May 31, 2028, covers ~85,000 square feet, and yields base rent starting near $62,500/month, rising to >$106,000/month within three months and reaching ~$112,700/month, aggregating over $2.6 million through May 2028. Landlord consent has been obtained.
Positive
- Contracted income of over $2.6 million through May 2028
- Monthly rent scales from approximately $62,500 to $112,700
- Subleased approximately 85,000 square feet to a third-party logistics operator
- Lease term commenced May 1, 2026 and extends through May 31, 2028
- Landlord consent for the sublease has been fully obtained
Negative
- Sublease is limited to a 25-month term, so income is time-limited
- Subleasing a portion of facility reduces on-site space available for company operations
Details
News Market Reaction – IPW
On Apr 17, the day this news came out, IPW closed 4.55% above the previous close.
Data tracked by StockTitan Argus for the Apr 17 session.
Key Figures
- Base rental income
- $62,500 per month
- Initial sublease rate at commencement
- Scaled rental income
- Over $106,000 per month
- Within first three months of sublease
- Final-stage rent
- Approximately $112,700 per month
- Final stage of sublease term
- Total contracted income
- Over $2.6 million
- Aggregate non-dilutive income through May 2028
- Sublease term
- 25 months
- May 1, 2026 through May 31, 2028
- Subleased area
- Approximately 85,000 square feet
- Portion of Rancho Cucamonga facility
Historical Context
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Announced non-binding MOU to explore crypto infrastructure hardware distribution.
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Reported Q2 2026 results with sharp revenue decline and net loss.
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Board authorized first-ever $2M share repurchase program with creditor support.
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Sold Global Product Marketing Inc. for about $2.3M and cut a major cost center.
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Announced SuperSuite onboarding of Koala Story and new logistics partners to cut costs.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
non-dilutive income financial
asset-light operating model financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Agreement reinforces asset-light strategy and establishes recurring rental income stream from existing infrastructure
RANCHO CUCAMONGA, Calif., April 17, 2026 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”) today announced that it has entered into a sublease agreement for a portion of its Rancho Cucamonga, California facility, creating a new stream of contracted, non-dilutive income over a 25-month term.
Under the agreement, the Company will generate base rental income beginning at approximately
The subleased premises comprise approximately 85,000 square feet and will be occupied by a third-party logistics operator. The sublease term commenced on May 1, 2026 and extends through May 31, 2028. Landlord consent for the sublease has been fully obtained.
“This transaction reflects our continued shift toward a more asset-light operating model,” said Lawrence Tan, Chief Executive Officer of iPower. “By converting underutilized space into a contracted income stream that scales to over
The Company believes the sublease strengthens cash flow visibility, reduces a fixed cost burden, and demonstrates the Company’s ability to actively monetize existing infrastructure without any incremental capital investment.
About iPower Inc.
iPower Inc. (Nasdaq: IPW) is a technology- and data-driven supply chain and infrastructure provider for online retailers and brands, operating at the intersection of digital assets and real-world commerce. The Company delivers procurement, fulfillment, logistics, and software-enabled services, and is executing a broader crypto strategy through licensed partners and compliant infrastructure. For more information, please visit www.meetipower.com.
Forward-Looking Statements
All statements other than statements of historical fact in this press release are forward-looking statements. Such statements involve known and unknown risks and uncertainties and are based on current expectations and projections. Actual results may differ materially from those set forth herein. iPower undertakes no obligation to update forward-looking statements except as required by law. Investors are encouraged to review iPower’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
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