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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of report (date of earliest event reported):
June 4, 2026
iPower Inc.
(Exact name of registrant as specified in its charter)
| Nevada |
|
001-40391 |
|
82-5144171 |
|
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
8798 9th Street
Rancho Cucamonga, CA 91730
(Address of Principal Executive Offices) (Zip
Code)
(626) 863-7344
(Registrant’s Telephone Number, Including
Area Code)
___________________________
(Former name or former address, if changed since
last report.)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
| Common Stock $0.001 per share |
|
IPW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
On June 4, 2026, iPower Inc. (“iPower”
or the “Company”) issued a press release announcing its completion of an initial purchase of approximately $1 million worth
of USDai, the synthetic dollar of the USD.AI protocol. The Company intends to stake the acquired USDai into sUSDai, USD.AI’s yield-bearing
token, as part of the Company’s AI infrastructure investment strategy. A copy of the press release is furnished herewith as Exhibit
99.1.
The information in this Current Report on Form
8-K, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed “filed” for any purpose of Section
18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such
Section. The information in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any filing under
the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
| Item 9.01. |
Financial Statement and Exhibits. |
(d) Exhibits.
| Exhibit No. |
|
Description |
| 99.1 |
|
Press Release dated June 4, 2026 |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
| |
IPOWER, INC. |
| Dated: June 4, 2026 |
|
|
| |
By: |
/s/ Chenlong Tan |
| |
Name: |
Chenlong Tan |
| |
Title: |
Chief Executive Officer |
Exhibit 99.1
iPower Completes Initial $1 Million USD.AI Purchase
to Advance AI Infrastructure Strategy
Company intends
to stake USDai into sUSDai to participate in
AI infrastructure
financing yield opportunities
RANCHO CUCAMONGA, Calif., June 4, 2026
-- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”) today announced that it has completed an initial purchase
of approximately $1.0 million of USDai, the synthetic dollar of the USD.AI protocol.
The Company intends to stake the acquired USDai
into sUSDai, USD.AI’s yield-bearing token, as part of iPower’s previously announced AI infrastructure investment strategy.
The purchase represents the initial tranche of iPower’s commitment to invest up to $3.0 million in USD.AI’s ecosystem and
marks a key step in the Company’s plan to participate in the AI infrastructure funding ecosystem.
USD.AI is designed to support financing of AI
infrastructure through a digital asset framework that connects capital providers with infrastructure-backed opportunities. The USD.AI
ecosystem has attracted institutional and public-market participation, including a previously announced $4.0 million investment by Bullish
(NYSE: BLSH) and an investment by Coinbase Ventures in Permian Labs, the developer of USD.AI.
“We believe AI infrastructure financing
is becoming an important investment category as demand for compute capacity, data centers and related infrastructure continues to grow,”
said Lawrence Tan, Chief Executive Officer of iPower. “This initial USD.AI purchase moves iPower from strategy to execution and
positions the Company to participate in the capital formation layer supporting AI infrastructure.”
iPower intends to continue evaluating opportunities
across the AI infrastructure landscape, including digital assets, financing platforms, infrastructure-related investments and other opportunities
aligned with its strategic objectives.
About iPower Inc.
iPower Inc. (Nasdaq: IPW) is a technology- and
data-driven company executing a focused strategy at the intersection of AI infrastructure and real-world commerce. Building on its established
e-commerce operations, technology platform and capital markets experience, the Company is expanding into AI infrastructure investments
and related financing ecosystems. Through targeted investments in digital assets, infrastructure financing protocols and other AI-related
opportunities, iPower seeks to participate in the growth of the compute, data center and infrastructure layers that support artificial
intelligence. Leveraging its operating experience, ecosystem relationships and capital market access, iPower is building a scalable business
designed to generate durable long-term value for stockholders. 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” as defined in the Private Securities Litigation Reform Act of
1995. Forward-looking statements include, but are not limited to, statements regarding the Company’s AI infrastructure strategy,
AI-related investments, digital asset activities, participation in AI infrastructure financing ecosystems, expected returns, future capital
deployment, business opportunities and long-term stockholder value creation. These 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.
Investor Relations Contact
IPW.IR@meetipower.com