iPower restructures supply deal with former subsidiary, transfers $2M in payables and inventory

Filed July 2, 2026 · Period ending June 30, 2026 · ~1 min read

Key Changes

• medium

  iPower amended its supply agreement with former subsidiary GPM, transferring $2.0 million in accounts payable to suppliers in exchange for an equal amount of inventory, resulting in a net-neutral balance sheet impact.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  The amendment eliminates exclusive sourcing and distribution obligations between iPower and GPM, giving both companies flexibility to work with other suppliers and distribution channels.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →