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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): September 21, 2021

 

iPower Inc.

(Exact name of registrant as specified in its charter)

 

Commission file number: 001-40391

 

Nevada   5200   82-5144171

(State of

Incorporation)

 

(Primary Standard Industrial

Classification Code Number.)

 

(IRS Employer

Identification No.)

 

iPower Inc.

2399 Bateman Avenue

Duarte, CA 91010

(Address Of Principal Executive Offices) (Zip Code)

 

(626) 863-7344

(Registrant’s Telephone Number, Including Area Code)

 

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 2.02 Results of Operations and Financial Condition.

 

On September 21, 2021, iPower Inc., a Nevada corporation (the “Company”), issued a press release announcing that the Company will be hosting a conference call on September 27, 2021, at 4:30 p.m. ET, 1:30 p.m. PT, during which time the Company will discuss its financial results for the fiscal year ended June 30, 2021.

 

The conference call details are as follows:

 

Date: Monday, September 27, 2021
Time: 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time
Dial-in: (833) 882-8474 (Domestic)
ID: 3283489
Webcast https://edge.media-server.com/mmc/p/notg6mtb

 

For those unable to participate during the live broadcast, following the earnings call a replay of the webcast will also be available on the Company's website at https://ir.meetipower.com/.

 

A copy of the press release is attached hereto and incorporated herein by reference.

 

In accordance with General Instruction B.2 of Form 8-K, the information in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. Such information may be incorporated by reference in another filing under the Exchange Act or the Securities Act of 1933, as amended, only if and to the extent that such subsequent filing specifically references such information.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
     
99.1   Press Release, dated September 21, 2021.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 2 
 

 

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.

 

Dated: September 21, 2021  
   
iPOWER INC.  
     
By: /s/ Chenlong Tan  
Name: Chenlong Tan  
Title: Chief Executive Officer  

 

 

 

 

 

 

 

 

 

 3 

 

Exhibit 99.1

 

iPower Schedules Fiscal Fourth Quarter and Full Fiscal Year 2021 Earnings Conference Call

 

Duarte, CA – September 21, 2021 – iPower Inc (NASDAQ: IPW) (“iPower” or the “Company”), one of the leading online hydroponic equipment suppliers and retailers in the United States, today announced that it will host its quarterly earnings conference call for the fourth quarter and full fiscal year ended June 30, 2021, on Monday, September 27, 2021, beginning at 4:30 p.m. ET and lasting approximately 1 hour.

 

To attend the conference call, please dial in using the information below. When prompted upon dialing-in, please provide the conference ID or ask for the "iPower Earnings Conference Call."

 

Date: Monday, September 27, 2021
Time: 4:30 pm ET/ 1:30 pm PT
US/CANADA Toll-Free Dial-In Number: (833) 882-8474
Conference ID: 3283489

 

This conference call will be broadcast live on the Internet and can be accessed by all interested parties at: https://edge.media-server.com/mmc/p/notg6mtb.

 

Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software.

 

Following the earnings call, a webcast replay will be made available on the Company's website at https://ir.meetipower.com/.

 

About iPower Inc.

 

iPower Inc. is one of the leading online retailers and suppliers of hydroponics equipment and accessories in the United States. iPower offers thousands of stock keeping units from its in-house brands as well as hundreds of other brands through its website, www.zenhydro.com, and its online platform partners all of which are fulfilled from its two fulfillment centers in southern California. iPower has a diverse customer base that includes both commercial businesses and individuals. For more information, visit iPower's website at https://ir.meetipower.com/.

 

Forward-Looking Statements

 

All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that iPower believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. iPower undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although iPower believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and iPower cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in iPower's filings with the SEC.

 

For more information, please contact:

 

Sherry Zheng

Weitian Group LLC

Phone: 718-213-7386

Email: shunyu.zheng@weitian-ir.com