Core Viewpoint - iPower Inc. is strategically expanding into crypto infrastructure hardware through a non-binding MOU with Nanopulse Technology Ltd, aiming to leverage its supply chain and e-commerce capabilities to commercialize hardware at scale, potentially generating recurring income from future hardware sales [1][2][3] Group 1: Strategic Expansion - The initiative is designed to address the operational challenges faced by blockchain networks that require physical hardware deployment but lack the capacity for sales and support in the U.S. [2] - iPower aims to act as an execution and distribution layer for crypto-native projects, establishing a repeatable model for future infrastructure partnerships within the crypto ecosystem [1][3] Group 2: Economic Model - The MOU includes discussions on multi-layered economics, which may involve immediate revenue from hardware sales and ongoing commission-based income from future hardware distributed through iPower [3] - iPower emphasizes that this initiative is focused on hardware distribution and infrastructure enablement, not on providing financial services or engaging in digital asset trading [5] Group 3: Future Participation - The parties plan to explore iPower's potential role as a U.S.-based validator or node operator, which would be subject to separate agreements [4] - This exploratory participation would be governed by standalone agreements, indicating a cautious approach to expanding into new areas of the crypto market [4] Group 4: Company Overview - iPower Inc. operates at the intersection of digital assets and real-world commerce, providing supply chain and infrastructure services for online retailers and brands [6] - The company is executing a broader crypto strategy through licensed partners and compliant infrastructure, highlighting its commitment to integrating crypto solutions into its business model [6]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 or (Mark One) ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number 001-40391 iPower Inc. (Exact name of registrant as specified in its charter) Nevada 8 ...

Exhibit 99.1 "Importantly, our Board authorized iPower's first-ever $2 million share repurchase program, reflecting confidence in our strengthened balance sheet and the long-term value of our business. "The February restructuring was not simply a divestiture — it marked the beginning of a new chapter for iPower. We streamlined our sourcing, strengthened our financial position, reduced structural costs, and positioned our business to selectively invest in infrastructure-driven growth opportunities." iPower R ...

Core Viewpoint - iPower Inc. reported a strategic transition in its operations, focusing on supply chain restructuring and a shift to U.S.-based sourcing, which temporarily impacted revenue but is expected to enhance long-term operational stability and margin durability [3][4][9]. Financial Performance - Revenue for the fiscal second quarter ended December 31, 2025, was $7.1 million, a decline from $19.1 million in the same quarter of the previous year, primarily due to the supply chain restructuring [1][18]. - Gross profit was $3.1 million, with a stable gross margin of 44.0%, indicating that core supply chain economics remained intact despite lower revenue [1][5]. - Total operating expenses decreased by 28% year-over-year to $5.6 million, attributed to personnel reductions and tighter expense controls [1][5]. - The net loss attributable to iPower was $1.2 million, or $(1.08) per share, reflecting the impact of lower revenue during the transition period [1][6]. Strategic Initiatives - In December 2025, iPower implemented a Digital Asset Treasury strategy with an institutional investor, raising $6.5 million from a convertible note offering [2]. - The company divested Global Product Marketing Inc. for approximately $2.3 million, which is expected to lower future operating costs significantly [2][8]. - A $2 million share repurchase program was authorized, reflecting management's confidence in the company's financial position and long-term value [2][10]. Operational Changes - The restructuring involved reducing purchase volumes from legacy international vendors and transitioning to a predominantly U.S.-based sourcing model, aimed at improving supply chain transparency and reducing risks [4][9]. - The divestiture of GPM is seen as a pivotal move to streamline operations and reduce structural costs while retaining core supply chain and infrastructure assets [8][9]. Balance Sheet Highlights - As of December 31, 2025, the company reported $2.0 million in cash and cash equivalents, $2.2 million in restricted cash, and approximately $2.2 million in digital assets, with total debt around $8.4 million [1][7]. - Short-term debt decreased to $2.6 million from $3.7 million as of June 30, 2025, indicating a reduction in traditional borrowings [7].

Core Viewpoint - iPower Inc. has announced its first-ever share repurchase program, reflecting confidence in its financial position and strategic direction, with support from all creditors [1][2][3] Group 1: Share Repurchase Program - The share repurchase program is set at up to $2,000,000 and will be implemented soon, depending on market conditions and regulations [2] - This milestone indicates progress in strengthening the company's balance sheet and positions iPower for long-term value creation [3] Group 2: Financial Position and Strategy - The combination of new capital, cost-structure improvements, and the share repurchase program provides iPower with greater flexibility in capital allocation [3] - The company is focused on supporting its operating priorities and previously announced strategic initiatives while executing a broader crypto strategy [4]

Core Viewpoint - Zacks Investment Research has initiated coverage of iPower Inc. (IPW) with a "Neutral" recommendation, reflecting a mixed outlook for the company amid its progress in the e-commerce sector despite industry challenges [1] Company Overview - iPower operates as a technology- and data-driven online retailer based in Rancho Cucamonga, CA, offering a variety of consumer goods including home goods, pet products, gardening and hydroponics equipment, outdoor products, and consumer electronics, along with e-commerce services for third-party brands [2] Financial Performance - iPower's first-quarter fiscal 2026 revenue decreased by 36.8% year over year, primarily due to reduced order volumes from Amazon and supply chain disruptions [3] - Service revenue has more than doubled compared to the previous year as iPower expanded its supply-chain and logistics platform, indicating a shift in revenue mix [3] Growth Drivers - A significant reset of the cost structure has improved operating leverage, leading to reduced losses despite revenue pressures [4] - Balance-sheet improvements, including debt repayment and enhanced financing capacity, have lowered near-term risks and provided flexibility for strategic initiatives [4] - Domestic sourcing efforts and a disciplined digital asset treasury strategy are aimed at enhancing supply-chain resilience and capital deployment [4] Market Positioning - iPower's stock has underperformed compared to industry peers and the broader market over the past year, indicating investor caution regarding the company's near-term recovery and execution [6] - The current valuation suggests that expectations are low, which could lead to a sharp response in stock price with sustained operational or financial improvements [6]

Core Insights - iPower Inc. has successfully eliminated a major operating cost center and received approximately $2.3 million as part of a strategic restructuring aimed at streamlining operations and enhancing its core supply chain and fulfillment platform [1][2][3] Financial Impact - The transaction involved the sale of iPower's subsidiary, Global Product Marketing Inc., which allowed the company to remove significant costs associated with online sales operations while retaining its core supply chain, procurement, fulfillment, and software infrastructure [2][4] - The restructuring is expected to significantly reduce operating expenses and increase iPower's asset base by approximately $2.3 million, while preserving future supply chain revenue opportunities with potential positive contribution margins of up to approximately 15% under applicable commercial arrangements [7] Strategic Focus - The CEO of iPower emphasized that this restructuring reflects a disciplined focus on efficiency and long-term value creation, improving the company's cost structure and balance sheet, and positioning it to pursue sustainable, margin-positive revenue opportunities [3][4] - Following the transaction, iPower anticipates operating with lower costs, improved efficiency, and greater strategic flexibility, allowing for the evaluation of opportunities aligned with its core competencies [4] Future Initiatives - The company is better positioned to evaluate and support its previously announced digital asset initiatives, including its Digital Asset Treasury strategy, which will complement its core operating focus [3][4]

Core Insights - iPower Inc. has made significant operational advancements in its SuperSuite supply chain platform, including the onboarding of a new supply-chain partner and the introduction of additional last-mile logistics vendors, which are already operational and enhancing unit economics [1]. Group 1: Supply Chain Developments - Koala Story, a healthy pet snack brand, has been onboarded as a new supply chain partner within iPower's SuperSuite ecosystem, with an initial focus on U.S.-manufactured Chicken Chips dog treats [2]. - The products from Koala Story are produced by a seasoned U.S. manufacturing partner that supports major national consumer brands, indicating a strong foundation for growth in the pet snack category, which is experiencing premiumization trends and repeat purchase behavior [3]. Group 2: Logistics Enhancements - iPower has engaged new logistics partners, including UniUni and GoFo, to enhance delivery efficiency and reduce last-mile delivery costs, with these partnerships already live within the logistics network [4]. - The new logistics partnerships are expected to lower last-mile delivery costs and improve delivery performance in key regions, contributing to overall operational efficiency [4]. Group 3: Strategic Focus - The CEO of iPower emphasized that SuperSuite is designed to scale through effective operational execution and disciplined cost management, focusing on onboarding quality partners and reducing fulfillment costs to create durable value [5]. - iPower is continuously evaluating its operating and capital structure to maximize long-term stockholder value as part of its long-term strategy [5]. Group 4: Company Overview - iPower Inc. is a technology- and data-driven online retailer that provides value-added e-commerce services for third-party products and brands, operating a nationwide fulfillment network and expanding its infrastructure across software, logistics, and manufacturing [6].

As filed with the Securities and Exchange Commission on January 16, 2026 Registration No. 333-292682 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No 1 to Form S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 iPower Inc. (Exact name of registrant as specified in its charter) | | | (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 8798 9th Street Rancho Cucamonga, CA 91730 (626) 863-7344 (Address, including zi ...

Core Insights - iPower Inc. has executed its Digital Asset Treasury strategy, making initial purchases of Bitcoin and Ethereum through a subsidiary account with BitGo, ensuring assets are held under defined custody and governance arrangements [2][3]. Group 1: Digital Asset Strategy - The company emphasizes that its Digital Asset Treasury is a long-term strategy rather than a short-term trading approach, focusing on disciplined execution within a risk-management framework [3][4]. - iPower's CEO, Lawrence Tan, highlighted the importance of execution discipline and transparency in building digital asset exposure in a controlled manner, supported by institutional-grade custody and governance [4]. Group 2: Market Performance - Since the initial purchases, the market prices for Bitcoin and Ethereum have remained above the acquisition prices, indicating positive market movement during this period [3]. Group 3: Future Plans - iPower may consider additional digital asset purchases in the future, contingent on market conditions, capital availability, and internal risk-management considerations [4]. - The company is also evaluating its operating and capital structure to enhance long-term stockholder value [5]. Group 4: Company Overview - iPower Inc. operates at the intersection of digital assets and real-world commerce, leveraging its e-commerce operations and emerging digital asset initiatives to connect digital assets with real-world commerce through compliant infrastructure [6].