UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01. | Entry Into a Material Definitive Agreement. |
On September 8, 2025, iPower Inc., a Nevada corporation (the “Company”), entered into Amendment No. 1 (the “Amendment”) to the United Package NV, LLC (the “LLC”) Limited Liability Operating Agreement (“Agreement”), originally dated June 3, 2025, between United Package NV, LLC, iPower Inc., Yi Yang and Custom Cup Factory, Inc. The purpose of the Amendment is to clarify that the Company is contributing the initial production material and equipment as well as use of space in the Company’s facility at Rancho Cucamonga (the “Facility”) to the LLC during the term of the Agreement as consideration for the Company’s ownership of 2,280 Class A voting units in the LLC. The LLC will be responsible for monthly rental payments for the use of the Facility in a to-be-determined amount during the term of the Agreement. All other terms of the Agreement remain the same as previously reported in our Current Report on Form 8-K filed on June 6, 2025.
The foregoing description of the Amendment is not intended to be complete and is qualified in its entirety by reference to the Amendment attached as Exhibit 10.1 hereto.
| Item 8.01. | Other Events. |
On September 3, 2025, the board of directors of the Company adopted an amended and restated policy on insider trading (the “Amended and Restated Insider Trading Policy”). The Amended and Restated Insider Trading Policy was updated in order to adjust the blackout period from three weeks before quarter end to two weeks before quarter end and update the requirements for establishing a 10b5-1 plan.
The foregoing description of the Amended and Restated Insider Trading Policy is not intended to be complete and is qualified in its entirety by reference to the Amended and Restated Insider Trading Policy as Exhibit 19 hereto.
| Item 9.01. | Financial Statement and Exhibits. |
(d) Exhibits.
| Exhibit No. | Description | |
| 10.1 | Form of Amendment No. 1 to Limited Liability Company Operating Agreement | |
| 19.1 | Amended and Restated Insider Trading Policy | |
| 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: September 9, 2025 | ||
| By: | /s/ Chenlong Tan | |
| Name: | Chenlong Tan | |
| Title: | Chief Executive Officer | |
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