{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-002242","form_type":"8-K","ticker":"IPW","cik":"0001830072","company_name":"iPower Inc.","filed_at":"2024-04-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.500583+00:00","generated_at":"2026-06-04T01:05:55.065381+00:00","sec_items":["1.01","9.01"],"event_type":"litigation","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"iPower settles FINRA arbitration with Boustead for $1.3M; CEO & co-founder pledge shares","bullets":["Settlement of FINRA Case No. 22-01133; iPower pays $1.3M in four $325K installments starting April 3, 2024.","CEO Chenlong Tan and co-founder Allan Huang each pledge 1,300,000 IPW shares (total 2.6M) to recoup settlement.","Company may sell pledged shares into market; any dividends on collateral retained and credited toward repayment.","BSL to dismiss arbitration after final payment by July 8, 2024; iPower dismisses counterclaims.","Tan's prior indemnification agreement capped at $3.5M; Huang voluntarily contributes shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-002242","json":"https://secwatch.observer/filing/0001683168-24-002242.json","markdown":"https://secwatch.observer/filing/0001683168-24-002242.md","text":"https://secwatch.observer/filing/0001683168-24-002242.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1830072/000168316824002242/0001683168-24-002242-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1830072/000168316824002242/ipower_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T01:05:55.065381+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"be883e7f6ee002ac33a253235e0dea78449bbbf8","claim":"iPower Inc. entered into Settlement Agreement with Boustead Securities, LLC valued at $1.3 million (effective 2024-04-03).","evidence_excerpt":"Davidson”), entered into a settlement agreement and mutual release (the “Settlement Agreement”) with Boustead Securities, LLC (“BSL”) and its current and former employees, officers, directors, partners, agents and affiliates,","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830072/000168316824002242/0001683168-24-002242-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"Boustead Securities, LLC"},{"label":"Value","value":"$1.3 million"},{"label":"Effective","value":"2024-04-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}