iPower Inc: subsidiary receives customer-signed 5-year letter of intent

What happened

• On Oct 15, 2026, iPower Inc announced that its wholly owned subsidiary, iPower AI LLC, has received a customer-signed, non-binding letter of intent for a 5-year AI equipment services and management relationship.
• The company furnished a press release announcing the LOI as Exhibit 99.1 to the Current Report on Form 8-K.

Key details

• Subsidiary: iPower AI LLC.
• Agreement type: customer-signed, non-binding letter of intent for a 5-year equipment services and management relationship.
• Date filed: Oct 15, 2026.
• The filing states the information is being furnished and shall not be deemed "filed" for any purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

Why it may matter

• This item was reported under Item 8.01 (Other events), which covers events the company chose to disclose; the filing furnishes a press release about the LOI and clarifies the furnished information is not subject to Section 18 filing liabilities.
• A filing does not show why the insider traded or why the company acted.