Yi Yang
appointed a new director, Yi Yang, to the Board, effective June 5, 2025.
Highest-materiality recent filing
iPower Q3 revenue $3.5M, GAAP loss $3.5M, non-GAAP loss narrows to $0.3M
Revenue from continuing operations $3.5M; gross margin 21.6%.
iPower launches AI infrastructure strategy, commits up to $3M to sUSDai
Additional optional closing of $3M Series A notes on May 19, 2026; net proceeds of ~$2.82M after fees.
iPower subleases 85,000 sq ft warehouse for $2.6M+ in contracted non-dilutive income
Sublease with Dezheng Logistics starts May 1, 2026 for 25 months through May 31, 2028.
iPower Q2 revenue $7.1M, net loss $1.2M; divests GPM, authorizes $2M buyback
Revenue $7.1M, net loss $1.2M ($1.08 EPS); gross margin 44.0%, operating expenses down 28% YoY.
iPower authorizes first $2M share buyback; closes $2M convertible note tranche
Board authorized up to $2M share repurchase program, first in company history, funded from cash flow.
iPower sells subsidiary GPM for $2.3M note, eliminates major cost center in restructuring
Sold Global Product Marketing to ETTS AI for a $2.3M promissory note payable in 7 years.
iPower launches digital asset treasury with $2.2M purchase of Bitcoin and Ethereum
Purchased 15.1 BTC at avg $87,686.33 for ~$1,325,400 total.
$30M convertible note facility with 6% OID; initial $9M committed, $6.58M gross proceeds received.
iPower enters $30M convertible note facility, launches Digital Asset Treasury with Bitcoin/Ethereum
Secured $30M convertible note facility (6% OID); initial $9M funded, gross proceeds $6.58M.
iPower repays JPMorgan ABL in full, secures 6.5% no-fee bridge loan
Repaid in full asset-based lending facility with JPMorgan on Dec 7, 2025; related UCC lien terminations initiated.
iPower Inc. issues $2M in promissory notes at 6.5% to pay off JPMorgan credit facility
Three promissory notes issued for total gross proceeds of $2M on November 24, 2025.
iPower reports Q1 FY2026 revenue down 37% to $12.0M; net loss narrows to $0.5M
Revenue $12.0M vs $19.0M YoY; services income more than doubled to $1.5M.
iPower regains compliance with Nasdaq $1.00 minimum bid price requirement
On Nov 10, 2025, iPower received Nasdaq notice confirming compliance with Rule 5550(a)(2).
iPower announces 1-for-30 reverse stock split effective October 27, 2025
Reverse stock split ratio set at 1-for-30; effective at market open on October 27, 2025.
iPower partners with TCL Smart Home Technology to sell TCL products via authorized channel
iPower (IPW) announced partnership with TCL Smart Home Technology to offer designated TCL products through iPower's authorized digital retail channel.
Nasdaq grants iPower Inc. extra 180 days to meet $1.00 bid price requirement
Received deficiency letter Jan 2, 2025 for bid price below $1.00 for 30 consecutive days.
iPower stockholders approve reverse stock split up to 1:200 to maintain Nasdaq compliance
Four directors elected: Chenlong Tan, Bennet Tchaikovsky, Yue Guo, Hanxi Li.
iPower Inc. to pivot to crypto treasury and blockchain infrastructure; Bitcoin as reserve asset
Board approved strategic shift to crypto treasury and blockchain infrastructure; Bitcoin treasury as foundational component.
iPower amends bylaws: reduces quorum, grants Chairman veto, 66.7% vote to remove
Stockholder meeting quorum reduced from majority to one-third.
iPower appoints Yi Yang as director, deposits for JV equipment; targets Q4 2025 launch
Appointed Yi Yang as independent director effective June 5, 2025; she is founder/CEO of JV partner Custom Cup Factory.
iPower CFO Kevin Vassily resigns; CEO Chenlong Tan named Interim CFO
Kevin Vassily resigns as CFO effective May 30, 2025; no disagreement with company.
appointed a new director, Yi Yang, to the Board, effective June 5, 2025.
On May 22, 2025, iPower Inc., a Nevada corporation (the “Company”), received notice that Kevin Vassily, the Company’s Chief Financial Officer, is resigning, effective May 30, 2025, to pursue another opportunity.
Effective May 31, 2025, the Company’s Chief Executive Officer, Chenlong Tan, will serve as Interim Chief Financial Officer.
Max materiality 0.90 · Median 0.60 · Most common event other_material