iPower updates LLC Operating Agreement and Insider Trading Policy (IPW)

Rhea-AI Filing Summary

iPower, Inc. filed a Form 8-K disclosing an entry into a material definitive agreement under Item 1.01. The filing lists three exhibits: a Form of Amendment No. 1 to Limited Liability Company Operating Agreement (Exhibit 10.1), an Amended and Restated Insider Trading Policy (Exhibit 19.1), and an Interactive Data File (Exhibit 104). The filing is signed by Chenlong Tan, Chief Executive Officer and is dated September 9, 2025. The document identifies the company’s common stock as $0.001 par value traded under the symbol IPW on The Nasdaq Stock Market LLC.

Positive

• Material agreement disclosed under Item 1.01, improving regulatory transparency
• Updated insider trading policy filed (Exhibit 19.1), indicating governance attention to compliance

Negative

• No substantive terms of the Amendment No. 1 to the LLC Operating Agreement are included in the text
• Financial or operational impact of the amendment is not stated, leaving material effects unclear

Insights

Corporate Governance Analyst

Filing shows a material amendment and an updated insider trading policy.

The company disclosed a material definitive agreement via a listed Form of Amendment No. 1 to its LLC operating agreement, indicating a contractual change involving the entity structure or member arrangements.

The inclusion of an Amended and Restated Insider Trading Policy signals governance updates to compliance rules for insiders. The filing itself does not include the amendment text or policy details, so the specific operational or financial impacts are not stated.

Securities Filings Specialist

Disclosure is procedural but potentially material; terms are not disclosed in-text.

The 8-K cites exhibits (10.1, 19.1, 104) which are the substantive items; the cover language confirms execution/signature by CEO Chenlong Tan on September 9, 2025.

Because the filing references exhibits rather than presenting their contents inline, investors cannot assess financial or contractual effects from this notice alone.

false 0001830072 0001830072 2025-09-03 2025-09-03 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

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): September 3, 2025

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. ☐

Item 1.01. Entry Into a Material Definitive Agreement.

On September 8, 2025, iPower Inc., a Nevada corporation (the “Company”), entered into Amendment No. 1 (the “Amendment”) to the United Package NV, LLC (the “LLC”) Limited Liability Operating Agreement (“Agreement”), originally dated June 3, 2025, between United Package NV, LLC, iPower Inc., Yi Yang and Custom Cup Factory, Inc. The purpose of the Amendment is to clarify that the Company is contributing the initial production material and equipment as well as use of space in the Company’s facility at Rancho Cucamonga (the “Facility”) to the LLC during the term of the Agreement as consideration for the Company’s ownership of 2,280 Class A voting units in the LLC. The LLC will be responsible for monthly rental payments for the use of the Facility in a to-be-determined amount during the term of the Agreement. All other terms of the Agreement remain the same as previously reported in our Current Report on Form 8-K filed on June 6, 2025.

The foregoing description of the Amendment is not intended to be complete and is qualified in its entirety by reference to the Amendment attached as Exhibit 10.1 hereto.

Item 8.01. Other Events.

On September 3, 2025, the board of directors of the Company adopted an amended and restated policy on insider trading (the “Amended and Restated Insider Trading Policy”). The Amended and Restated Insider Trading Policy was updated in order to adjust the blackout period from three weeks before quarter end to two weeks before quarter end and update the requirements for establishing a 10b5-1 plan.

The foregoing description of the Amended and Restated Insider Trading Policy is not intended to be complete and is qualified in its entirety by reference to the Amended and Restated Insider Trading Policy as Exhibit 19 hereto.

Item 9.01. Financial Statement and Exhibits.

(d) Exhibits.

Exhibit No.		Description
10.1		Form of Amendment No. 1 to Limited Liability Company Operating Agreement
19.1		Amended and Restated Insider Trading Policy
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

2

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: September 9, 2025
	By:	/s/ Chenlong Tan
	Name:	Chenlong Tan
	Title:	Chief Executive Officer

3

FAQ

What did iPower (IPW) disclose in the 8-K?

The 8-K reports entry into a material definitive agreement and attaches three exhibits: Exhibit 10.1 (Form of Amendment No. 1 to the LLC Operating Agreement), Exhibit 19.1 (Amended and Restated Insider Trading Policy), and Exhibit 104 (Interactive Data File).

When was the 8-K for iPower signed?

The filing is signed by Chenlong Tan, Chief Executive Officer, and dated September 9, 2025.

Does the 8-K include the terms of the operating agreement amendment?

No. The 8-K references the Form of Amendment No. 1 as an exhibit but does not include the amendment’s substantive terms in the filing text.

What exchange and ticker are listed for iPower?

The filing identifies the company’s common stock as par value $0.001 under the ticker IPW on The Nasdaq Stock Market LLC.

Which exhibits were filed with this 8-K?

Exhibits filed are 10.1 (Amendment No. 1 to LLC Operating Agreement), 19.1 (Amended and Restated Insider Trading Policy), and 104 (Cover Page Interactive Data File).