iPower Inc.

iPower Inc. announced a 1-for-9 reverse stock split of its common stock, effective August 7, 2026. This action will combine every nine shares into one, reducing the total outstanding shares from approximately 7 million to 781,068. The company stated the primary purpose of the reverse stock split is to increase its per share trading price to meet Nasdaq Capital Market's minimum bid price requirement and maintain its listing.

iPower Inc. announced it has signed a non-binding letter of intent with a prospective customer for the proposed lease of dedicated high-performance GPU computer systems. The initial deployment is valued at approximately $6 million with an anticipated 36-month lease term. This agreement has the potential to expand to approximately $60 million in aggregate contract value, including the initial phase, following a successful initial deployment. The company plans to acquire and retain ownership of the GPU systems, leasing them to customers for exclusive use, aligning with its recently formed AI subsidiary's strategy.

iPower Inc. announced it has signed a non-binding letter of intent with a prospective customer for the proposed lease of dedicated high-performance GPU computer systems. The initial deployment is expected to be approximately $6 million with an anticipated 36-month lease term. This deal has the potential to expand to an aggregate contract value of approximately $60 million, marking a significant step in iPower's AI hardware leasing strategy following the formation of its dedicated AI subsidiary.

iPower Inc. announced the formation of a new, dedicated artificial intelligence subsidiary, iPower AI LLC. This subsidiary aims to acquire and lease AI computing hardware to businesses, potentially including structures with substantial upfront lease payments. The company is also exploring a compute resource distribution model, though no definitive agreements for hardware acquisition, financing, or leasing have been signed yet, despite preliminary customer interest.

iPower Inc. announced its plan to evaluate a potential expansion into the AI infrastructure hardware sector. This includes exploring opportunities for high-performance computing equipment, data center operators, and infrastructure partners, with a potential strategy to lease equipment to various customers. The company emphasized that this initiative is at an exploratory stage, and any future investment or commercial arrangement will depend on market conditions, financing, and due diligence, with no definitive agreements currently in place.

iPower Inc. filed an S-1 registration statement for the resale of up to 27,135,484 shares of common stock by a selling institutional investor. These shares are issuable upon conversion of $22,400,000 in Series A Senior Secured Convertible Notes. The company will not receive any proceeds from the selling stockholder's resale of these shares. This registration follows a 1-for-8 reverse stock split completed on May 22, 2026, and covers both already issued and remaining convertible notes.

iPower Inc. announced it has secured a $2.0 million convertible note investment from an institutional investor. This financing provides the company with additional capital to advance its strategic growth initiatives, including investments in artificial intelligence infrastructure and supply chain innovation. Management views this as a significant step to strengthen its capital position, drive revenue growth, expand margins, and enhance long-term profitability.

iPower Inc. entered into a supplement to its supply and distribution agreement with Global Product Marketing, Inc. (GPM) and ETTS AI Investment LLC. Under the supplement, GPM assumed $2,007,366.86 of iPower's accounts payable to suppliers in exchange for acquiring an equal amount of iPower's existing inventory. Additionally, the agreement releases both iPower and GPM from their previous exclusive sourcing and distribution obligations to one another.

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.