IPW$1.61-3.59%
iPower Inc.
Sector: Retail-Building Materials, Hardware, Garden SupplyIndustry: Specialty RetailCountry: USExchange: Nasdaq
Mkt Cap:$960.9K
Float & O/S:
Inst Own:
DilutionScan read 37 of iPower Inc.'s SEC filings and found 1 warrant series, 6 convertibles, 2 shelf registrations, 4 S-1 registrations and 1 completed offering on file for IPW. The latest dilution event on file is a registration statement on Oct 27, 2026. Analysis updated Oct 30, 2026.
Signal8 Summary
IPW
Going-concern-level distress, massive dilution
Snapshot
iPower is a small online hydroponics retailer whose revenue collapsed 70% to $20M in FY2026 after a 23% drop the year before, with a $14.4M operating loss and $11.6M net loss.
What's Happening Right Now
- : The FY2026 10-K disclosed two reverse splits in under four months, a sold-off GPM subsidiary, pledged crypto and cash collateral, and material weaknesses in internal financial controls.
- : iPower told the SEC it needs extra time to file its FY2026 10-K and flagged a preliminary net loss of about $11.6 million, more than double FY2025's loss, driven by a revenue collapse, a goodwill impairment, and losses on note and crypto asset extinguishment.
- : Stockholders approved a reverse split of up to 1-for-250 and authorization to issue up to $10 million in new shares, both aimed at avoiding Nasdaq delisting.
- : A new filing registered resale of up to 9.6 million shares tied to convertible notes, representing roughly 91% of the pro forma share count, as iPower winds down its Bitcoin treasury in favor of AI infrastructure plans.
- : iPower signed a non-binding letter of intent to lease GPU computer systems in an initial $6 million deal that could expand to $60 million, part of a pivot toward AI infrastructure leasing.
