Ipower Inc 8-K Filings

iPower Inc. entered into a non-binding letter of intent with a prospective customer for the proposed lease of dedicated high-performance GPU computer systems, advancing its AI hardware leasing strategy toward a specific potential transaction.

The contemplated initial deployment involves GPU systems with an expected acquisition value of approximately $6 million and an anticipated lease term of about 36 months following installation and acceptance. Subject to a successful initial phase, the relationship could expand to an aggregate contemplated contract value of approximately $60 million, including the initial deployment. Under the proposed structure, iPower or a subsidiary would acquire and retain ownership of the GPU equipment and lease it for the customer’s exclusive use at a mutually agreed data center.

The arrangement is aligned with iPower’s recently formed AI-focused subsidiary and its broader AI infrastructure strategy. All key commercial terms, including equipment specifications and payment terms, remain under negotiation, the LOI is non-binding in its entirety, and there is no assurance that any definitive agreements, deployments, revenue or profit will result.

iPower Inc. describes actions related to a previously arranged financing and a new business structure. The company had entered into a Securities Purchase Agreement with an institutional investor for an up to $30,000,000 6% original issue discount senior secured convertible note facility, including an initial closing of $5,184,024 principal amount of Series A senior secured convertible notes. Certain subsidiaries must guarantee obligations under this agreement, and the newly formed artificial intelligence-focused subsidiary, iPower AI LLC, has been added as a guarantor through a Joinder to Guaranty dated July 21, 2026.

On July 15, 2026, iPower formed two wholly owned subsidiaries, IPW Commerce LLC and iPower AI LLC, to separate e-commerce and artificial intelligence operations from the rest of the business without changing management or capital structure. The AI subsidiary is planned to focus on acquiring AI computing hardware and generating revenue by leasing that hardware and potentially distributing compute resources, with only preliminary, non-binding customer interest disclosed and no definitive agreements yet for acquiring, financing, deploying, or leasing AI hardware.

iPower Inc. reported that it plans to evaluate a potential expansion into the AI infrastructure hardware sector. The company is considering possible acquisition or financing of AI compute hardware and related infrastructure assets, and may explore collaborations with data center operators and other infrastructure partners.

The initiative is at an exploratory stage. iPower has not entered into any definitive agreements for acquiring, financing, deploying or leasing AI infrastructure hardware, and there is no assurance any transaction will be completed or generate revenue or stockholder value. The company expects to provide updates if and when material developments occur.

iPower Inc. entered into an amendment to its existing securities purchase agreement, enabling an Additional Optional Closing of $2,000,000 in Series A senior secured convertible notes. The company received gross proceeds of about $1,880,000 after applying a 6% original issue discount and before fees and expenses.

The new Series A Note carries a fixed conversion price of $2.39, set at 120% of the Nasdaq closing price of iPower’s common stock on July 2, 2026. To date, iPower has issued an aggregate original principal amount of $10,184,024 in Series A Notes to the investor, with $18,000,000 of additional Series A capacity remaining under the up to $30,000,000 facility.

According to the accompanying press release, management describes this unrestricted financing as growth capital intended to support strategic initiatives, including artificial intelligence investments, supply chain infrastructure, and other corporate projects aimed at revenue growth and profitability over the long term.

iPower Inc. entered into a supplement to its existing supply and distribution agreement with Global Product Marketing, Inc. (GPM) and ETTS AI Investment LLC on June 30, 2026. Under this supplement, GPM assumed $2,007,366.86 of accounts payable owed to iPower’s suppliers in exchange for acquiring an equal amount of iPower’s existing inventory.

The supplement also releases iPower and GPM from their prior exclusive sourcing and distribution obligations to each other under the original agreement, giving both parties more flexibility in how they source and distribute products going forward.

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. 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. 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.

iPower Inc. reported fiscal Q2 2026 revenue of $7.1 million, down from $19.1 million a year earlier as it deliberately restructured its supply chain and shifted toward predominantly U.S.-based sourcing. Gross profit was $3.1 million with a solid 44.0% gross margin.

Total operating expenses fell 28% year-over-year to $5.6 million, but the company recorded a net loss attributable to iPower of $1.2 million, or $(1.08) per share. As of December 31, 2025, iPower held $2.0 million in cash and cash equivalents, $2.2 million in restricted cash, and about $2.2 million in digital assets, with total debt of roughly $8.4 million, including $5.8 million of convertible notes.

During the quarter, the company launched a Digital Asset Treasury strategy with an institutional investor and closed the first tranche of an up to $30 million convertible note, receiving $6.5 million in gross proceeds. After quarter-end, iPower sold Global Product Marketing Inc. for about $2.3 million and its board authorized a $2 million share repurchase program, signaling a leaner operating model and a focus on balance sheet management.

iPower Inc. completed an additional mandatory closing under its previously disclosed Securities Purchase Agreement, issuing a $2,000,000 principal amount Series A senior secured convertible note. The consideration was set at $940 per $1,000 of principal, and iPower received approximately $1,880,000 in gross proceeds after closing conditions were met.

On the same day, iPower’s board authorized its first-ever share repurchase program of up to $2,000,000 of common stock. Repurchases may occur over time via open-market or privately negotiated transactions, including Rule 10b5-1 plans, and will be funded from existing cash and future cash flow.

iPower Inc. has restructured its operations by transferring software assets from its wholly owned subsidiary Global Product Marketing, Inc. to the parent company and then selling that subsidiary to ETTS AI Investment LLC for a $2.3 million promissory note repayable in seven years. iPower assumed vendor payables tied to the software but received a perpetual, royalty‑free license so both entities can keep using and developing the software, and may receive 50% of any proceeds if the original code is resold. A new five‑year supply and distribution agreement makes iPower the exclusive supplier in the United States, Canada and Mexico for existing SKUs historically distributed through the sold business, with up to 15% margin and those margin amounts able to offset the promissory note.

iPower Inc. (IPW) announced quarterly results. On November 14, 2025, the company furnished a press release detailing its earnings for the first quarter ended September 30, 2025. The press release is included as Exhibit 99.1 to a Form 8-K.

The company stated the information is furnished and not deemed filed under the Exchange Act. iPower’s common stock trades on Nasdaq under the symbol IPW.

iPower Inc. (IPW) announced it has regained compliance with Nasdaq’s minimum bid price requirement under Rule 5550(a)(2). Nasdaq notified the company on November 10, 2025 that the matter is closed.

The company had received a deficiency notice on January 2, 2025 after its stock traded below $1.00 for 30 consecutive business days (November 15–December 31, 2024). iPower was granted an initial grace period to July 1, 2025 and an additional period to December 29, 2025. A press release dated November 11, 2025 was furnished as Exhibit 99.1.

iPower Inc. (IPW) filed an 8-K stating it plans to pursue alternative funding solutions to enhance capital flexibility. The company disclosed that it issued a press release outlining this intention, which is included as Exhibit 99.1. The filing lists iPower’s common stock on The Nasdaq Stock Market under the symbol IPW. No specific instruments or terms are detailed in the excerpt.

iPower Inc. (IPW) will implement a 1-for-30 reverse stock split of its common stock, effective at the start of trading on October 27, 2025. Each 30 pre-split shares will be reclassified into 1 share, with no change to par value.

The split proportionally adjusts outstanding warrants and restricted stock units, and increases related exercise prices in line with the 1:30 ratio. The total number of authorized common and preferred shares does not change.

No fractional shares will be issued; holders otherwise entitled to a fraction will receive one full post-split share. Trading on the Nasdaq Capital Market will continue on a split-adjusted basis under IPW, with new CUSIP 46265P206. VStock Transfer LLC will act as exchange agent, and stockholders holding in book-entry or street name do not need to take action.

iPower Inc. filed a current report describing a new partnership with TCL Smart Home Technology, a subsidiary of TCL, a global consumer electronics manufacturer. Under this partnership, designated TCL products will be made available through iPower’s authorized channel, adding a globally trusted consumer-technology brand to iPower’s digital retail platform. The report also notes that related information, including a press release furnished as Exhibit 99.1, is being provided on a furnished, rather than filed, basis under securities laws.

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.

iPower Inc. reported that a newly acquired packaging production line has been delivered to its U.S. facility and is ready for immediate assembly. This line is intended to expand the company’s in-house packaging capabilities.

After assembly, iPower plans a two to four week test run to ensure the equipment operates properly, followed by a transition to full-scale production. The update was provided via a press release that is furnished as an exhibit and is not deemed filed for liability purposes under the securities laws.

On August 4, 2025, iPower Inc. through its wholly-owned subsidiary Dayourenzai (Shenzhen) Technology Co., Ltd. entered into a VIE Contract Termination Agreement with its variable interest entity Daheshou (Shenzhen) Information Technology Co., Ltd. and Daheshou's registered shareholders. The filing states DYRZ no longer owns, operates or controls DHS and that services and activities formerly performed by DHS will be handled by iPower and other contractors as part of a structural simplification.

The company says DHS historically provided PRC sales, supply chain, merchandising and distribution services but that many of those services have already been transitioned to iPower and contractors. The termination is described as a strategic simplification and is not expected to have a material effect on the Company’s PRC business or revenue streams. The full agreement is attached as Exhibit 10.1.