iPower subleases 85,000 sq ft warehouse for $2.6M+ in contracted non-dilutive income

iPower Inc.

Sublease with Dezheng Logistics starts May 1, 2026 for 25 months through May 31, 2028.
Monthly rent escalates from $62,500 to over $106,000 in first 3 months, reaching ~$112,700 final stage.
Total contracted income exceeds $2.6M; $338,130 security deposit received.
CFO says sublease advances asset-light model and enhances capital efficiency.
Annual meeting ratified HTL International as auditors; all 5 director nominees elected with >569,000 votes For each.

item 1.01 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

iPower Inc. entered into Sublease Agreement with Dezheng Logistics Inc. valued at $338,130 (effective 2026-04-13).

Action: entry
Agreement: lease
Counterparty: Dezheng Logistics Inc.
Value: $338,130
Effective: 2026-04-13

Exact text from the filing

On April 13, 2026, iPower Inc, a Nevada corporation (“iPower” or the “Company”), finalized a sublease agreement (the “Sublease Agreement”) with Dezheng Logistics Inc., a California corporation (“Dezheng”), pursuant to which the Company subleased its warehouse

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iPower Inc. filing history →

Source: SEC EDGAR

accession 0001683168-26-003026

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