iPower announces AI hardware leasing subsidiary, no definitive agreements in place

Filed July 21, 2026 · Period ending July 15, 2026 · ~1 min read

Key Changes

• high

  iPower plans to form an AI subsidiary to acquire and lease AI computing hardware to customers, but has not entered into any definitive agreements for acquisition, financing, deployment, or leasing, and cannot assure preliminary interest will convert to revenue.

  Exhibit 99.1 view on EDGAR →
• medium

  The company formed two subsidiaries on July 15, 2026: IPW Commerce LLC for e-commerce and iPower AI LLC for AI operations, separating these business lines without changing management or capital structure.

  Item 8.01 — Other Events verify on EDGAR →
• medium

  iPower AI LLC was added as guarantor to the company's existing $30M convertible note facility with an institutional investor, making the new subsidiary liable for those debt obligations.

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