iPower Inc. 8-K

What Happened

• iPower Inc. filed an 8-K reporting a Supplement to its Supply and Distribution Agreement (SDA) dated June 30, 2026. The Supplement was executed by iPower, its formerly wholly-owned subsidiary Global Product Marketing, Inc. (GPM), and ETTS AI Investment LLC (ETTS AI), GPM’s 100% stockholder.
• Under the Supplement, GPM assumed $2,007,366.86 of accounts payable owed to iPower’s suppliers in exchange for acquiring an equal dollar amount of iPower’s existing inventory. The Supplement also releases iPower and GPM from exclusive sourcing and distribution obligations that had been in the SDA originally entered on February 1, 2026.

Key Details

• Parties: iPower Inc., Global Product Marketing, Inc. (formerly wholly owned), and ETTS AI Investment LLC.
• Date of Supplement: June 30, 2026 (original SDA entered Feb 1, 2026).
• Dollar amount: $2,007,366.86 of accounts payable assumed by GPM in exchange for $2,007,366.86 of inventory.
• Contract change: Mutual release of exclusive sourcing and distribution obligations under the SDA.

Why It Matters

• The transaction moves $2.01M of payables off iPower’s supplier obligations and transfers an equal value of inventory to GPM, changing the composition of iPower’s working capital accounts.
• Removing exclusivity between iPower and GPM changes their contractual supply/distribution relationship and may affect how each party can source or distribute products going forward. The filing provides the Supplement as the material definitive agreement for review.