iPower Inc. filings document a Nasdaq-listed Nevada operating company with common stock registered under the Exchange Act and emerging growth company status. Its 8-K reports cover material agreements, operating and financial results, capital-structure updates, balance sheet disclosures, and strategic actions related to its supply chain, fulfillment and e-commerce infrastructure.
The company's regulatory record includes disclosures on a facility sublease, software asset transfer, sale of Global Product Marketing, promissory note amendments, convertible-note accounting matters, digital asset collateral and treasury-related balances, and board-authorized capital allocation actions. Proxy materials document director elections, auditor ratification, executive compensation voting and annual meeting procedures.
iPower Inc. (IPW) registers for resale up to 26,459,406 shares of common stock issuable upon conversion of $3,000,000 aggregate principal amount, plus interest, of Series A Convertible Notes issued September 15, 2026. The share count uses an assumed floor price of $0.1359, equal to 20% of the Nasdaq closing price on October 9, 2026. The notes bear interest at 10% per annum and mature 24 months after each note’s issuance.
These are selling-stockholder resales: iPower says it will receive no proceeds from sales of the shares. The selling stockholder may sell in public or private transactions at prevailing, related, or negotiated prices. Conversions are subject to a 4.99% beneficial-ownership limit, which the investor may raise to 9.99% with 61 days’ prior written notice. iPower says its current capital-allocation priority has shifted toward AI infrastructure opportunities; assets in controlled accounts remain pledged as collateral.
iPower Inc. said its wholly owned subsidiary, iPower AI LLC, received a customer-signed, non-binding letter of intent for a five-year AI equipment services and management relationship. The customer identified an initial fleet of 48 AI computing equipment units and expects to expand to approximately 396 units in total during 2027. At the proposed fee of $4,608 per unit per month, the full build-out would represent up to approximately $1.82 million in monthly service fees, or up to $21.90 million on an annualized basis.
The initial 48 units would represent approximately $2.65 million in annualized fees, or $13.27 million if all 48 remain billable for the full 60-month cooperation period. iPower AI LLC would provide or coordinate equipment operations, monitoring, maintenance, technical support and data center coordination. The LOI’s commercial terms are non-binding and subject to a definitive services agreement. The fee illustrations assume the stated units remain billable at the proposed rate throughout each illustrated period; they are not committed revenue, backlog, profit or 2027 revenue guidance. Actual fees depend on deployment timing and final terms.
iPower Inc. (IPW) filed a replacement primary shelf registration covering up to $50,000,000 in aggregate offering price of common stock, preferred stock, warrants, debt securities, rights and units, for sale from time to time. The prospectus is subject to completion, and iPower may not sell these securities until the registration statement is effective; a prospectus supplement will specify each offering’s terms and expected proceeds. The registration carries forward $43,184,022.40 of unsold securities from the prior registration, whose offering is deemed terminated when the new statement becomes effective. Proceeds are generally intended for working capital and general corporate purposes, subject to any applicable supplement.
iPower says its current capital-allocation priority has shifted from further passive digital-asset accumulation toward AI infrastructure acquisition, financing and equipment leasing. As of October 8, 2026, controlled accounts held $6,054,541.50 of cash and digital assets, including $4,817,911.37 in cash and 15.11524045 Bitcoin valued at $1,236,630.22. Substantially all assets in the controlled accounts and related proceeds are pledged as collateral for convertible notes, which bear 10% annual interest, increasing to 17% during an Event of Default.
iPower Inc. says its current capital-allocation priority has shifted from additional passive digital-asset accumulation toward AI infrastructure acquisition, financing, equipment leasing and related operating opportunities. On August 14, 2026, it sold all sUSDai for approximately $1,002,381 and all Ethereum for approximately $563,391. As of October 1, 2026, its controlled account held 15.11524045 Bitcoin, valued indicatively at $1,278,056.38, and $4,817,911.37 in cash; total assets in the account were $6,095,967.75.
iPower’s $30 million convertible-note facility has a 6% original issue discount, with $15 million of additional Series A notes remaining available. After applicable closing conditions were satisfied, additional closings on July 6 and September 15, 2026, provided $4.7 million, excluding fees and expenses, for $5 million of Series A notes. As of October 2, 2026, the investor had converted $9,359,580 of Series A notes into 849,697 shares at an average conversion price of $11.02, on a post-reverse-split basis. The company also sold all equity in Global Product Marketing to ETTS AI in exchange for a $2.3 million promissory note and identified material weaknesses in internal control over financial reporting.
iPower Inc. (IPW) needs additional time to complete the audit review for its fiscal year ended June 30, 2026, and intends to file its Form 10-K within the 15-day extension under Rule 12b-25. Based on preliminary, unaudited results, it expects a net loss attributable to iPower Inc. of approximately $11.6 million, versus approximately $5.0 million for fiscal 2025; results remain subject to audit and may change with final adjustments. The company attributed the increase primarily to significant decreases in revenue and gross profit, goodwill impairment, and losses tied to extinguishment of convertible notes and digital assets.
iPower Inc. (IPW) reported that stockholders at a September 21, 2026 special meeting approved three capital-structure proposals. Holders authorized, for Nasdaq Listing Rule 5635(d) compliance, the potential issuance of up to $10,000,000 of common stock in one or more private placements or public offerings, at prices that may be above, equal to or below the Nasdaq Minimum Price.
Stockholders also approved an amendment to the Articles of Incorporation permitting the board, in its discretion, to implement a reverse stock split at a ratio of up to 1-for-250, potentially on one or more occasions to help maintain Nasdaq listing compliance. In addition, they approved a Third Amended and Restated 2020 Equity Incentive Plan, reserving 50,000,000 shares for issuance and adding an evergreen provision for a 5% automatic annual increase in available shares over ten years.
iPower Inc. (IPW) has filed a resale prospectus covering up to 9,636,864 shares of common stock issuable upon conversion of $3,099,444 aggregate principal amount (plus interest) of its Series A Senior Secured Convertible Notes. These shares may be sold from time to time by a single institutional investor as the selling stockholder.
The company states it is not selling any common stock in this offering and will receive no proceeds from the selling stockholder’s sales, though it has a broader $30 million 6% OID convertible note facility, of which $15,184,024 of Series A notes have been sold and $15,000,000 remain available. The notes bear 10% annual interest, mature 24 months after issuance, and are senior secured obligations with issuer redemption rights at a premium.
Common stock outstanding was 1,165,247 shares as of September 18, 2026 and would be 10,802,111 shares if all registered note shares were issued. iPower highlights a shift in its capital-allocation strategy from passive digital asset accumulation toward AI infrastructure acquisition and financing, while maintaining a Digital Asset Treasury that, as of September 18, 2026, held about $6.0 million in a controlled collateral account, including 15.12 bitcoin and cash, all pledged to a collateral agent for the benefit of convertible noteholders. Extensive risk factors emphasize dilution, note-conversion overhang, debt-service risk, and substantial risks tied to its digital asset strategy.
iPower Inc. (symbol: IPW) is the issuer of record for a Form 8-K filing submitted to the SEC.
iPower Inc. (IPW) is registering up to 9,636,864 shares of common stock for resale by a single institutional investor upon conversion of $3,099,444 of Series A senior secured convertible notes. These notes bear 10% interest and mature 24 months after issuance, with conversion at either a fixed price or a VWAP-based alternate price, subject to a 4.99% (optionally 9.99%) beneficial ownership cap. Common shares outstanding would increase from 956,733 to 10,593,597 if all registered shares are issued. iPower will not receive proceeds from any resale of these shares, though it previously raised funding via a $30 million convertible note facility, of which $12,184,024 in Series A notes have been sold and $18,000,000 remains available. The company has undergone 1‑for‑8 and 1‑for‑9 reverse stock splits in 2026 and is shifting its strategy from a Digital Asset Treasury toward AI infrastructure acquisition, financing and equipment leasing. As of August 15, 2026, iPower held $5.77 million of cash and digital assets in a controlled collateral account, including about 15.1 bitcoin, all pledged to secure the convertible notes, and outlines extensive risks tied to dilution, leverage, digital assets and evolving regulation.