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. 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.
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.