iPower Inc (IPW) News & EventsIPWiPower Inc

iPower Inc Trading Halted, News Pending

iPower Inc trading halted, news pending

Selling Stockholders Plan to Sell Up to 26.46M Shares

This filing relates to the offer and sale from time to time by the selling stockholders of up to 26.46M shares of common stock. The company is not selling any shares under this prospectus and will not receive any of the proceeds from the sale of shares by the selling stockholders.

iPower Signs Five-Year AI Equipment Services LOI

iPower announced that its wholly owned subsidiary, iPower AI, has received a customer-signed, non-binding letter of intent for a five-year AI equipment services and management relationship. The proposed engagement marks a step forward in iPower's transformation into an AI infrastructure and services company. The customer has identified an initial fleet of 48 AI computing equipment units and expects to expand to approximately 396 units in total during 2027. At the proposed fee of $4,608 per unit per month, assuming the full build out, the target fleet would represent up to approximately $1.82M in monthly service fees, or up to $21.9M on an annualized basis for five years. The initial 48 units would represent approximately $2.65M in annualized fees, or $13.27M if all 48 remain billable for the full 60-month cooperation period.