---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-004323"
form_type: "8-K"
ticker: "IPW"
cik: "0001830072"
company_name: "iPower Inc."
filed_at: "2024-06-18T23:59:59+00:00"
generated_at: "2026-06-01T03:57:42.191247+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# iPower closes $5M registered direct offering of 2.08M shares and warrants; CEO returns shares to reduce dilution

## Summary
- Offering consists of 2,083,334 shares at $2.40 and immediately exercisable 5-year warrants at $2.40 share price; gross proceeds $5M.
- Net proceeds ~$4.55M; intended for growth strategies, M&A, and general corporate purposes.
- CEO Lawrence Tan and co-founder Allan Huang return 541,557 pledged shares for cancellation, reducing dilution from the offering.
- Roth Capital Partners acted as placement agent; received 6.5% cash fee on gross proceeds.

## SEC filing metadata
- accession: 0001683168-24-004323
- form_type: 8-K
- ticker: IPW
- cik: 0001830072
- company_name: iPower Inc.
- filed_at: 2024-06-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830072/000168316824004323/0001683168-24-004323-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830072/000168316824004323/ipower_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-004323
- JSON: https://secwatch.observer/filing/0001683168-24-004323.json
- Plain text: https://secwatch.observer/filing/0001683168-24-004323.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.