UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (date of earliest event reported): April 13, 2026
iPower Inc.
(Exact name of registrant as specified in its charter)
| Nevada | 001-40391 | 82-5144171 | ||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
8798 9th Street
Rancho Cucamonga, CA 91730
(Address of Principal Executive Offices) (Zip Code)
(626) 863-7344
(Registrant’s Telephone Number, Including Area Code)
___________________________
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Common Stock $0.001 per share | IPW | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 1.01. | Entry into a Material Definitive Agreement. |
Sublease
On April 13, 2026, iPower Inc, a Nevada corporation (“iPower” or the “Company”), finalized a sublease agreement (the “Sublease Agreement”) with Dezheng Logistics Inc., a California corporation (“Dezheng”), pursuant to which the Company subleased its warehouse, located at 8798 9th Street, Rancho Cucamonga, California, 91730 (the “Premises”), to Dezheng for a fixed term of 25 months, commencing May 1, 2026 and ending May 31, 2028.
Pursuant to the Sublease Agreement, Dezheng provided a security deposit to the Company of $338,130 and thereafter will pay Base Rent (as such term is defined and calculated in the Sublease) to the Company monthly. In exchange, Dezheng will have the right to use and occupy the Premises to conduct its business as a third-party logistics company.
The existing lease agreement governing the Premises between the Company, as tenant, and 9th & Vineyard LP, a Delaware limited partnership (“9th & Vineyard”), as successor in interest to the landlord, dated July 28, 2021 (including all amendments thereto, the “Master Lease”) required the Company to seek 9th & Vineyard’s consent prior to entering into the Sublease Agreement. As such, the Company, Dezheng, and 9th & Vineyard entered into a second amendment and consent to the Master Lease (the “Second Amendment”), pursuant to which 9th & Vineyard consented to the Sublease. In exchange for such consent, 9th & Vineyard required a letter of credit and an additional security deposit, which was paid for by Dezheng on April 13, 2026, at which time the Sublease Agreement became effective. The Sublease Agreement remains subject and subordinate to the Master Lease, which was filed as Exhibit 10.1 to the Current Report on Form 8-K filed August 2, 2021.
The foregoing summary of the Sublease Agreement does not purport to be complete and is qualified in its entirety by reference to such agreement, the form of which is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
| Item 5.07. | Submission of Matters to a Vote of Security Holders. |
On April 13, 2026, the Company held its 2026 annual meeting of stockholders (the “Annual Meeting”), at which the Company’s stockholders considered three proposals, each of which is described in more detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 4, 2026. At the Annual Meeting, there were a total of 1,293,177 votes eligible to be cast and a total of 793,391 shares voted in person or by proxy, representing 61.35% of the total number of votes eligible to be cast. The final voting results for each matter are set forth in more detail below.
| 1. | Election of Directors. |
All of the following five nominees were elected to the Company’s board of directors, in accordance with the voting results listed below, to serve for a term of one year, until the next annual meeting and until their successors have been duly elected and have qualified.
| Nominee | For | Against | Withheld | Broker Non-Votes | ||||
| Chenlong Tan | 570,017 | 0 | 1,137 | 222,237 | ||||
| Yue Guo | 570,025 | 0 | 1,129 | 222,237 | ||||
| Bennet Tchaikovsky | 569,393 | 0 | 1,761 | 222,237 | ||||
| Yi Yang | 569,870 | 0 | 1,284 | 222,237 | ||||
| Hanxi Li | 569,996 | 0 | 1,158 | 222,237 |
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| 2. | Ratification of the Company’s Independent Auditors. |
Stockholders ratified the appointment of HTL International LLP as the Company’s independent auditors for the fiscal year ending June 30, 2026, in accordance with the voting results below.
| For | Against | Abstain | ||
| 792,254 | 1,019 | 118 |
|
3. |
Approval of the Company’s Executive Compensation. |
Stockholders approved (on an advisory basis) the Company’s executive compensation.
| For | Against | Abstain | Broker Non-Votes | |||
| 568,503 | 2,263 | 388 | 222,237 |
| Item 8.01. | Other Events. |
On April 14, 2026, the Company published a press release announcing the Sublease Agreement. The Company’s press release is furnished herewith as Exhibit 99.1.
The information provided in this Item 8.01 (including Exhibit 99.1 hereto), is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act, except as expressly set forth by specific reference in such a filing.
| Item 9.01. | Financial Statement and Exhibits. |
(d) Exhibits.
| Exhibit No. | Description | |
| 10.1 | Sublease Agreement, dated April 2, 2026, between iPower Inc. and Dezheng Logistics Inc. | |
| 99.1 | Press Release dated April 17, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| IPOWER, INC. | ||
| Dated: April 17, 2026 | ||
| By: | /s/ Chenlong Tan | |
| Name: | Chenlong Tan | |
| Title: | Chief Executive Officer | |
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