{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-26-007863","form_type":"8-K","ticker":"IPW","cik":"0001830072","company_name":"iPower Inc.","filed_at":"2026-10-15T13:30:14+00:00","discovered_at":"2026-10-15T13:31:00.237139+00:00","generated_at":"2026-10-15T13:31:05.600008+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"iPower AI subsidiary signs non-binding 5-year LOI for up to $21.9M annualized equipment services","bullets":["Wholly owned iPower AI LLC received a customer-signed, non-binding letter of intent for a five-year AI equipment services and management relationship; no definitive services agreement yet.","Customer identified an initial fleet of 48 AI computing units and expects to expand to approximately 396 units during 2027.","Proposed fee is $4,608 per unit per month; full 396-unit build-out implies up to ~$1.82M monthly, or up to $21.90M annualized over five years.","Initial 48 units equate to roughly $2.65M annualized, or $13.27M if all 48 remain billable for the full 60-month term.","Company says figures are not committed revenue, backlog, profit or 2027 guidance; iPower AI LLC would provide equipment operations, monitoring, maintenance, support and data center coordination."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-26-007863","json":"https://secwatch.observer/filing/0001683168-26-007863.json","markdown":"https://secwatch.observer/filing/0001683168-26-007863.md","text":"https://secwatch.observer/filing/0001683168-26-007863.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1830072/000168316826007863/0001683168-26-007863-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1830072/000168316826007863/ipower_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-15T13:31:05.600008+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}