---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-005727"
form_type: "8-K"
ticker: "IPW"
cik: "0001830072"
company_name: "iPower Inc."
filed_at: "2026-07-23T16:00:14+00:00"
generated_at: "2026-07-23T16:01:14.764695+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# iPower signs non-binding LOI for $6M GPU lease, potential $60M expansion

## Summary
- Non-binding LOI for initial $6M GPU deployment with 36-month lease term.
- Potential expansion to $60M aggregate contract value after successful initial phase.
- iPower would acquire and own GPU systems, lease to customer for exclusive use.
- LOI is non-binding; definitive agreements and financing remain subject to negotiation.
- Follows formation of dedicated AI subsidiary for hardware leasing and compute distribution.

## SEC filing metadata
- accession: 0001683168-26-005727
- form_type: 8-K
- ticker: IPW
- cik: 0001830072
- company_name: iPower Inc.
- filed_at: 2026-07-23T16:00:14+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830072/000168316826005727/0001683168-26-005727-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830072/000168316826005727/ipower_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-005727
- JSON: https://secwatch.observer/filing/0001683168-26-005727.json
- Plain text: https://secwatch.observer/filing/0001683168-26-005727.txt

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