iPower Adds Over $2.6 Million in Contracted, Non-Dilutive Income Through Sublease Agreement
iPower Inc. (IPW)
Company Research
Source: GlobeNewswire
RANCHO CUCAMONGA, Calif., April 17, 2026 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”) today announced that it has entered into a sublease agreement for a portion of its Rancho Cucamonga, California facility, creating a new stream of contracted, non-dilutive income over a 25-month term. Under the agreement, the Company will generate base rental income beginning at approximately $62,500 per month, increasing to over $106,000 per month within the first three months and reaching approximately $112,700 per month by the final stage of the lease. In aggregate, the sublease represents over $2.6 million in contracted, non-dilutive income through May 2028. The subleased premises comprise approximately 85,000 square feet and will be occupied by a third-party logistics operator. The sublease term commenced on May 1, 2026 and extends through May 31, 2028. Landlord consent for the sublease has been fully obtained. “This transaction reflects our continued shift towa
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News
- iPower (IPW) was downgraded by <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=IPW&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from "hold" to "strong MarketBeat
- iPower Expands into Crypto Infrastructure Hardware with Nanopulse MOUGlobeNewswire
- iPower Reports Fiscal Q2 2026 Results and Completes Strategic Operating ResetGlobeNewswire
- iPower Authorizes $2 Million Share Repurchase Program, First in Company HistoryGlobeNewswire
- iPower Eliminates Major Cost Center and Receives $2.3 Million in Consideration as Part of Strategic Restructuring While Retaining Core Supply Chain PlatformGlobeNewswire
IPW
Sec Filings
- 4/17/26 - Form S-8
- 4/17/26 - Form S-1MEF
- 4/17/26 - Form 8-K
- IPW's page on the SEC website