secwatch.observer — SEC 8-K summary
======================================

Issuer:     iPower Inc. (IPW)
CIK:        0001830072
Form:       8-K
Filed at:   2026-07-02T20:30:15+00:00
Accession:  0001683168-26-005251
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iPower enters supplement to supply agreement; GPM assumes $2.0M in payables for inventory
--------------------------------------------------------------------------------

- GPM assumes $2,007,366.86 of accounts payable in exchange for acquiring an equal amount of iPower's inventory.
- Supplement releases iPower and GPM from exclusive sourcing and distribution obligations under the original SDA.
- If GPM fails to pay the AP, iPower retains recourse including recovery of unsold or sold Designated SKUs.
- Supplement dated June 30, 2026, amends the February 1, 2026 Supply and Distribution Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830072/000168316826005251/0001683168-26-005251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830072/000168316826005251/ipower_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-005251

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer