Welcome to our dedicated page for Ipower SEC filings (Ticker: IPW), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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. has completed an initial purchase of approximately $1.0 million of USDai, the synthetic dollar of the USD.AI protocol. The company plans to stake this USDai into sUSDai, a yield-bearing token, as part of its AI infrastructure investment strategy.
This transaction is the first tranche of iPower’s previously announced plan to invest up to $3.0 million in the USD.AI ecosystem, aiming to participate in AI infrastructure funding. Management views AI infrastructure financing as an emerging category tied to growing demand for compute capacity, data centers and related infrastructure.
iPower Inc. disclosed that it has executed documents to implement a trading plan tied to its previously authorized share repurchase program. The board had authorized repurchases of up to $2.0 million of common stock. The trading plan is expected to become active after completion of the broker execution process and satisfaction of applicable procedural and regulatory requirements.
In anticipation of activation, iPower plans to fund the first tranche of the repurchase account this week. Any actual buybacks will depend on factors such as market conditions, share price, trading volume, legal requirements and other business considerations, and the program can be modified, suspended or discontinued at any time.
iPower Inc. is implementing a 1-for-8 reverse stock split of its common stock, effective at the start of trading on May 22, 2026, to boost its share price and maintain compliance with the Nasdaq Capital Market minimum bid requirement.
Every eight previously issued and outstanding shares will be combined into one share, with no change to par value or the total number of authorized common or preferred shares. The company reports that outstanding common stock will decrease from 5,289,919 shares before the split to approximately 661,240 shares after the split, leaving each stockholder’s overall ownership percentage unchanged.
The common stock will continue trading on Nasdaq under the symbol IPW on a split-adjusted basis, and the post-split shares will use new CUSIP number 46265P305. No fractional shares will be issued as part of the reverse split.
iPower Inc. reported fiscal third quarter 2026 revenue from continuing operations of $3.5 million, down sharply from $16.0 million a year earlier as it shifted to a leaner, asset-light model. Gross profit was $0.8 million, for a 21.6% gross margin.
Operating expenses fell to $1.9 million from $7.2 million in the prior-year quarter, reflecting an aggressive cost reset. GAAP net loss attributable to iPower was $(3.5) million, or $(2.38) per share, mainly due to a $3.0 million non-cash goodwill impairment that eliminated all remaining goodwill. On a non-GAAP basis, net loss narrowed to $(0.3) million, or $(0.18) per share, versus $(0.7) million a year ago.
As of March 31, 2026, current assets were $14.5 million and current liabilities were $6.6 million, a current ratio of about 2.2x. After quarter end, the company signed a sublease expected to generate more than $2.6 million of income through May 2028 and launched an AI infrastructure strategy, including an initial commitment of up to $3 million using an existing $30 million financing facility.
iPower Inc. reported sharply lower revenues and a larger loss for the quarter ended March 31, 2026. Total revenue was $3.5 million for the quarter and $18.5 million for the nine-month period, compared with $16.0 million and $52.6 million a year earlier. The company posted a quarterly net loss attributable to iPower of $3.45 million and a nine-month net loss of $5.18 million, driven by weaker gross profit, higher interest expense and a $3.03 million goodwill impairment.
iPower closed the period with $713,685 in cash and cash equivalents and total assets of $31.3 million, down from $35.6 million at June 30, 2025, while inventories fell to $2.54 million. The company issued and partially converted senior secured convertible notes, creating a $4.47 million convertible note payable and a $1.26 million derivative liability. It also purchased Bitcoin and Ethereum totaling $2.21 million in cost basis, recognizing an unrealized loss of $544,173.
During the period iPower sold its Global Product Marketing business, treating it as discontinued operations, and recorded a loss on disposal of $1.82 million but a total after-tax gain from discontinued operations of $1.41 million for the nine months. Common shares outstanding increased from 1,045,330 to 1,773,999, mainly from conversions of notes and equity compensation. Stockholders’ equity declined modestly to $17.2 million, while total liabilities more than doubled on new convertible debt.
iPower Inc. completed an additional optional closing under its December 2025 senior secured convertible note facility, issuing $3,000,000 in Series A notes and receiving about $2,820,000 in gross proceeds before fees and expenses. The notes were sold under Regulation D with a fixed conversion price of $1.03 per share, set at 120% of the Nasdaq closing price on May 18, 2026.
The company also committed up to $3.0 million of its investment funds to purchase sUSDai, a yield‑bearing digital asset backed by GPU‑collateralized loans, as part of a newly launched AI infrastructure strategy. This strategy aims to make iPower a capital provider for GPU clusters and AI infrastructure assets using its existing $30 million facility.
iPower Inc. completed an additional optional closing under its December 2025 senior secured convertible note facility, issuing $3,000,000 in Series A notes and receiving about $2,820,000 in gross proceeds before fees and expenses. The notes were sold under Regulation D with a fixed conversion price of $1.03 per share, set at 120% of the Nasdaq closing price on May 18, 2026.
The company also committed up to $3.0 million of its investment funds to purchase sUSDai, a yield‑bearing digital asset backed by GPU‑collateralized loans, as part of a newly launched AI infrastructure strategy. This strategy aims to make iPower a capital provider for GPU clusters and AI infrastructure assets using its existing $30 million facility.
iPower Inc. notified the SEC that it cannot timely file its Quarterly Report on Form 10-Q for the nine months ended March 31, 2026 due to completion of a sale of subsidiaries and a convertible note financing in February 2026. The company states it will file the Form 10-Q as soon as practicable and within the 5-day extension period allowed under Rule 12b-25.
iPower Inc. reported a strengthened balance sheet driven by assets held in a collateral account tied to an institutional note. As of April 28, 2026, the account held approximately $2.2 million in U.S. dollar cash, 15.1 Bitcoin and 301.1 Ethereum. Based on current reference market prices, these cash and marketable digital assets had an aggregate reference market value of about $4.05 million, compared with an approximately $3.69 million remaining note balance owed to the institutional investor. Management highlighted that having more collateral value than the note balance enhances financial flexibility as iPower focuses on disciplined capital allocation, operational efficiency, and evaluating strategic initiatives such as partnerships, platform expansion, technology investments and supply chain optimization.
iPower Inc. entered into a sublease for a portion of its Rancho Cucamonga warehouse, creating over $2.6 million in contracted, non-dilutive rental income over a 25‑month term ending May 31, 2028. Monthly base rent starts at about $62,500, rises above $106,000 within three months, and reaches about $112,700 by the final stage.
The tenant, a third‑party logistics operator, provided a $338,130 security deposit, and the landlord consented via an amendment to the master lease. iPower describes this as reinforcing an asset‑light strategy by monetizing underutilized space and improving cash flow visibility without added capital investment.
At the 2026 annual meeting, stockholders elected five directors, ratified HTL International LLP as auditor for the year ending June 30, 2026, and approved executive compensation on an advisory basis, with 61.35% of eligible votes represented.
iPower Inc. amended the terms of a $2.3 million Promissory Note it received when it sold its subsidiary Global Product Marketing, Inc. to ETTS AI Investment LLC. The March 26, 2026 amendment broadens what qualifies as a “Change of Control” for iPower, including major shifts in executive leadership or board composition, significant changes to its business model or core operations that hurt its relationship with GPM, and dispositions of key supply chain assets that materially affect its ability to provide products or services. No other provisions of the Promissory Note were changed.