---
schema_version: "secwatch.filing_event.v1"
accession: "0001839882-22-012777"
form_type: "8-K"
ticker: "PPSI"
cik: "0001449792"
company_name: "PIONEER POWER SOLUTIONS, INC."
filed_at: "2022-06-08T23:59:59+00:00"
generated_at: "2026-06-25T03:29:39.638409+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Pioneer Power terminates exclusive distribution deal with CleanSpark; assumes $1.1M collection role

## Summary
- Open purchase orders total $1,338,810; Pioneer releases CleanSpark from $565,609 future amounts and $253,059 accounts payable.
- Pioneer assumes billing and collection of $1,108,971 from mutual client Enchanted Rock Electric.
- Pioneer to return $248,896 in deposits to CleanSpark by Aug 31, 2022 or 35 days after shipping.
- CleanSpark transfers UL files and service contracts for switchgear to Pioneer; Pioneer assumes warranty liability.
- Mutual release executed; CleanSpark no longer exclusive distributor of Pioneer's switchgear products.

## SEC filing metadata
- accession: 0001839882-22-012777
- form_type: 8-K
- ticker: PPSI
- cik: 0001449792
- company_name: PIONEER POWER SOLUTIONS, INC.
- filed_at: 2022-06-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1449792/000183988222012777/0001839882-22-012777-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1449792/000183988222012777/ppsi-8k_051622.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001839882-22-012777
- JSON: https://secwatch.observer/filing/0001839882-22-012777.json
- Plain text: https://secwatch.observer/filing/0001839882-22-012777.txt

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