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. 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. is asking stockholders to vote at its April 13, 2026 virtual annual meeting on several key items. Stockholders will elect five directors, ratify HTL International, LLP as auditor for the year ending June 30, 2026, and cast an advisory vote on executive pay. They are also asked to approve potential adjournments if more time is needed to gather votes. Two additional proposals seek approval, under Nasdaq rules, to issue more than 20% of current common shares as stock consideration for acquisitions of e‑commerce brands and other targets, each valued up to $3 million and to be completed within three months of approval.
iPower Inc. reported a difficult quarter for the three months ended December 31, 2025, as total revenue fell to $7.1M from $19.1M a year earlier, driven by a sharp drop in product sales. Gross profit declined to $3.1M, and the company swung from prior operating income to an operating loss of $2.4M, resulting in a net loss attributable to iPower of $1.2M versus net income of $0.2M last year.
For the six-month period, revenue dropped to $19.2M from $38.1M, while net loss was $1.7M, similar to the prior-year loss. iPower generated $0.8M of operating cash but used $5.6M in investing, mainly to acquire $2.2M of Bitcoin and Ethereum and fund software and joint ventures. It raised $6.0M net through new senior secured convertible notes with an embedded derivative liability of $1.4M, repaid its asset-based revolver, and ended the period with $2.0M in cash, $2.2M in digital assets, and reduced inventories of $3.6M.
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. is soliciting proxies for its April 13, 2026 annual meeting to elect five directors, ratify HTL International, LLP as auditors, hold an advisory vote on executive compensation, and seek shareholder approval to authorize issuance of more than 20% of outstanding common stock as consideration for acquisitions.
The proxy states the Record Date is February 12, 2026 and that 1,293,177 shares of common stock were entitled to vote as of that date, with 1,314,750 shares outstanding as of February 19, 2026. Proposals 4 and 5 would permit issuance of up to $3,000,000 in stock per acquisition; the filing estimates ~842,000 shares per $3,000,000 acquisition using a closing price of $3.565 on February 18, 2026, and contemplates completing approved acquisitions within three months of approval.
iPower Inc. filed a notice that it will be late filing its Form 10-Q for the six months ended December 31, 2025. The company recently closed a convertible note financing on December 23, 2025 and says complex accounting for this transaction has delayed completion of its financial statements. iPower states it cannot meet the deadline without unreasonable effort or expense and plans to submit the Form 10-Q as soon as practicable and within the 5-day extension period allowed under Rule 12b-25.
ATW-affiliated investors reported a significant stake in iPower Inc. common stock. ATW Digital Asset Opportunities XIV LLC, ATW Master Fund V LP, ATW Partners Opportunities Management, LLC, and individuals Kerry Propper and Antonio Ruiz-Gimenez together report beneficial ownership of 127,241 shares, or 9.9% of iPower’s common stock, through senior secured convertible debt subject to a 9.99% ownership blocker.
The ownership percentage is based on 1,146,443 shares outstanding as of January 12, 2026, as disclosed in an iPower prospectus, plus the shares these investors can acquire under Rule 13d-3(d)(1)(i). The reporting persons certify the securities are not held for the purpose of changing or influencing control of iPower.
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.