Form 8-K
8-K — iPower Inc.
Accession: 0001683168-26-004287
Filed: 2026-05-26
Period: 2026-05-26
CIK: 0001830072
SIC: 5200 (RETAIL-BUILDING MATERIALS, HARDWARE, GARDEN SUPPLY)
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — ipower_8k.htm (Primary)
EX-99.1 — PRESS RELEASE (ipower_ex9901.htm)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of report (date of earliest event reported):
May 26, 2026
iPower Inc.
(Exact name of registrant as specified in its charter)
Nevada
001-40391
82-5144171
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
8798 9th Street
Rancho Cucamonga, CA 91730
(Address of Principal Executive Offices) (Zip
Code)
(626) 863-7344
(Registrant’s Telephone Number, Including
Area Code)
___________________________
(Former name or former address, if changed since
last report.)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock $0.001 per share
IPW
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01.
Other Events.
As previously disclosed in our Current Report on
Form 8-K filed February 10, 2026, the board of directors of iPower Inc. (“iPower” or the “Company”) previously
authorized a share repurchase program of up to $2 million of the Company’s common stock (the “Share Buyback Program”).
On May 26, 2026, the Company issued a press release announcing it had executed the documents required to implement a trading plan in connection
with the Share Buyback Program. The Company expects such trading plan to become active upon satisfaction of applicable procedural and
regulatory requirements, with the Company intending to fund the first tranche of the Share Buyback Program in the coming days. A copy
of the press release is furnished herewith as Exhibit 99.1.
The information included in this Current Report
on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for any purpose of Section 18 of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such Section.
The information in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any filing under the Securities
Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.1
Press Release dated May 26, 2026
104
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SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
IPOWER, INC.
Dated: May 26, 2026
By:
/s/ Chenlong Tan
Name:
Chenlong Tan
Title:
Chief Executive Officer
3
EX-99.1 — PRESS RELEASE
EX-99.1
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Exhibit 99.1
iPower Plans
First Funding Tranche This Week for Previously Authorized Share Repurchase Program
RANCHO CUCAMONGA, Calif., May 26, 2026 — iPower Inc.
(Nasdaq: IPW) (“iPower” or the “Company”), a technology- and data-driven company operating at the intersection
of AI infrastructure and real-world commerce, today announced that it has executed documents to implement a trading plan in connection
with its previously authorized share repurchase program.
The Company expects the trading plan to become active following completion
of the applicable broker execution process and satisfaction of applicable procedural and regulatory requirements. In connection with the
planned activation, iPower expects to fund the first tranche of the repurchase account this week.
As previously announced, iPower’s Board of Directors authorized
a share repurchase program of up to $2.0 million of the Company’s common stock. The timing, amount and manner of any repurchases
will depend on market conditions, share price, trading volume, applicable legal requirements and other business considerations. The program
does not obligate the Company to acquire any specific number of shares and may be modified, suspended or discontinued at any time.
About iPower Inc.
iPower Inc. (Nasdaq: IPW) is a technology- and data-driven company
executing a focused strategy at the intersection of AI infrastructure and real-world commerce. The Company’s platform includes established
e-commerce operations and a growing AI infrastructure investment portfolio. Leveraging its operating experience, ecosystem relationships,
and capital market access, iPower is building a scalable business designed to generate durable long-term value for stockholders. For more
information, please visit www.meetipower.com.
Forward-Looking Statements
All statements other than statements of historical fact in this press
release are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. You can identify
forward-looking statements as those that are not historical in nature, particularly those that use terminology such as “may,”
“should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,”
“plans,” “projected,” “predicts,” “potential” or “hopes” or the negative of
these or similar terms. The reader is cautioned not to rely on these forward-looking statements. Such statements involve known and unknown
risks and uncertainties and are based on current expectations and projections. If underlying assumptions prove inaccurate, or known or
unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of iPower Inc.
iPower undertakes no obligation to update forward-looking statements except as required by law. Investors are encouraged to review iPower’s
filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current
Reports on Form 8-K.
Media & Investor Contact
IPW.IR@meetipower.com
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