iPower Inc.

iPower Inc. announced the completion of an initial purchase of approximately $1.0 million worth of USDai, the synthetic dollar of the USD.AI protocol. This investment is part of the company's AI infrastructure strategy, with plans to stake the USDai into sUSDai, USD.AI’s yield-bearing token. This initial purchase is the first step in iPower's commitment to invest up to $3.0 million in the USD.AI ecosystem, aiming to participate in the growing AI infrastructure funding landscape.

iPower Inc. announced it has completed an initial purchase of approximately $1.0 million of USDai, a synthetic dollar from the USD.AI protocol. This investment is the first part of iPower's commitment to invest up to $3.0 million in the USD.AI ecosystem, aligning with its AI infrastructure investment strategy. The company plans to stake the acquired USDai into sUSDai, USD.AI's yield-bearing token, to participate in the growing AI infrastructure funding landscape.

iPower Inc. announced it has executed documents to implement a trading plan for its previously authorized share repurchase program. The company expects the trading plan to become active after fulfilling procedural and regulatory requirements, with the first tranche of funding anticipated this week. The program authorizes the repurchase of up to $2 million of the company's common stock.

iPower Inc. announced the execution of documents to implement a trading plan for its previously authorized share repurchase program. The company expects the trading plan to become active soon, following the completion of broker execution and regulatory requirements. iPower plans to fund the first tranche of the repurchase account this week, as part of the program authorizing repurchases of up to $2.0 million of its common stock.

iPower Inc. reported its fiscal third quarter 2026 results, showing continued progress in its strategic operating reset. The company significantly reduced operating expenses by 66% sequentially and narrowed its non-GAAP net loss to $(0.3) million. While GAAP net loss was $(3.5) million due to a non-cash goodwill impairment, iPower is strengthening its platform through asset-light operations, contracted sublease income, and a newly launched AI infrastructure strategy.

iPower Inc. reported a net loss of $3.45 million for the three months ended March 31, 2026, and a net loss of $5.18 million for the nine months ended March 31, 2026. These results include a significant goodwill impairment charge of $3.03 million and a loss on extinguishment of debt. The company completed the divestment of its GPM subsidiary on February 1, 2026, which is now reflected as discontinued operations. Additionally, iPower formed iPower Smart LLC for digital treasury and iPower Nexus Inc. for supply chain management, and effected a 1-for-30 reverse stock split in October 2025.

iPower Inc. reported fiscal third-quarter 2026 financial results, showing continued progress in its strategic operating reset. Revenue from continuing operations was $3.5 million, with a GAAP net loss of $(3.5) million, primarily due to a non-cash goodwill impairment. However, non-GAAP net loss narrowed to $(0.3) million, and operating expenses significantly declined. The company also strengthened its platform through asset-light operations, contracted sublease income, and the launch of an AI infrastructure strategy.

iPower Inc. announced a 1-for-8 reverse stock split of its common stock, effective May 22, 2026. The company's shares will begin trading on a split-adjusted basis on The Nasdaq Capital Market under the existing ticker symbol "IPW" on the same day. This action is being taken to increase the per share trading price and ensure compliance with Nasdaq's minimum bid price requirement for continued listing.

iPower Inc. announced the launch of its AI infrastructure strategy, aiming to become a dedicated capital provider for GPU clusters and AI infrastructure assets. To fund this initiative, the company completed an additional optional closing under its existing $30 million senior secured convertible note facility, receiving approximately $2.82 million in gross proceeds. iPower has committed up to $3 million from these new funds to purchase sUSDai, a yield-bearing digital asset instrument, as its initial investment in the AI infrastructure ecosystem.

iPower Inc. has launched its AI infrastructure strategy, positioning itself as a dedicated capital provider for GPU clusters and AI infrastructure assets. The company aims to address the supply-demand imbalance in the AI infrastructure market by leveraging its existing $30 million financing facility. As an initial step, iPower has committed up to $3 million from new financing proceeds to purchase sUSDai, a yield-bearing instrument backed by GPU-collateralized loans, providing direct exposure to AI infrastructure revenue streams.