iPower Inc. Files S-1 for Public Offering

TL;DR

iPower Inc. just filed an S-1, looks like they're going public soon. Keep an eye on this one.

AI Summary

iPower Inc. filed an S-1 registration statement with the SEC on July 9, 2024, indicating plans for a public offering. The company, incorporated in Nevada with principal offices in Rancho Cucamonga, CA, operates in the retail building materials, hardware, and garden supply sector. The filing does not specify the dollar amount or number of shares to be offered at this time.

Why It Matters

This S-1 filing signals iPower Inc.'s intention to raise capital through a public stock offering, which could impact its growth, operations, and shareholder structure.

Risk Assessment

Risk Level: medium — As an S-1 filing, it indicates a company is seeking to become publicly traded, which inherently carries risks associated with market volatility, regulatory scrutiny, and the company's ability to execute its business plan.

Key Players & Entities

• iPower Inc. (company) — Registrant
• Chenlong Tan (person) — Chief Executive Officer
• July 9, 2024 (date) — Filing Date
• Nevada (jurisdiction) — State of Incorporation
• Rancho Cucamonga, CA (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.001 — he "Shares") of common stock, par value $0.001 per share of iPower Inc. (the "Company"
• $1.76 — stock on the Nasdaq Capital Market was $1.76 per share. Investing in our securities
• $740 billion — of the home goods market in the US was $740 billion in 2020 and should reach close to $1,04
• $1,040 billion — llion in 2020 and should reach close to $1,040 billion by 2024, with a CAGR of 7.4%. 4 Rese

Filing Documents

• ipower_s1.htm (S-1) — 232KB
• ipower_ex0501.htm (EX-5.1) — 14KB
• ipower_ex2301.htm (EX-23.1) — 2KB
• ipower_ex107.htm (EX-FILING FEES) — 16KB
• image_001.jpg (GRAPHIC) — 3KB
• image_002.jpg (GRAPHIC) — 6KB
• image_003.jpg (GRAPHIC) — 6KB
• 0001683168-24-004724.txt ( ) — 501KB
• ipw-20240709.xsd (EX-101.SCH) — 3KB
• ipw-20240709_lab.xml (EX-101.LAB) — 33KB
• ipw-20240709_pre.xml (EX-101.PRE) — 22KB
• ipower_s1_htm.xml (XML) — 3KB

Use of Proceeds

Use of Proceeds 12 Selling Stockholder 12 Description of Offered Securities 13 Plan of Distribution 14 Legal Matters 15 Experts 15 Where You Can Find More Information 15 Incorporation of Certain Documents by Reference 16 i ABOUT THIS PROSPECTUS This prospectus is part of a registration statement that we filed with the Securities and Exchange Commission (the "SEC"). The Selling Stockholder named in this prospectus may from time to time sell the Shares described in the prospectus. You should read this prospectus together with the more detailed information regarding our company, our common stock, and our financial statements and notes to those statements that appear elsewhere in this prospectus and any applicable amendment or supplement to this prospectus together with the additional information that we incorporate in this prospectus by reference, which we describe under the heading " Where You Can Find More Information ." You should rely only on the information contained in, or incorporated by reference in, this prospectus and in any applicable amendment or supplement to this prospectus. We have not authorized anyone to provide you with different information from that contained in, or incorporated by reference in, this prospectus. You should not assume that the information in this prospectus or any applicable amendment or supplement to this prospectus is accurate as of any date other than the date on the front of those documents or that any document incorporated by reference is accurate as of any date other than its filing date. Neither we nor the Selling Stockholder are offering to sell or seeking offers to purchase these securities in any jurisdiction where the offer or sale is not permitted. We have not done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside the United States who

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS Some of the statements in this prospectus and in the documents incorporated herein by reference contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our ability to control or predict and that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by forward-looking statements. In some cases, you can identify

forward-looking statements by terminology such as "may," "will," "should," "expects,"

forward-looking statements by terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue" or the negative of these terms or other comparable terminology, although not all forward-looking our limited operating history; our future results of operations; our cash needs and financial plans; our current and future capital requirements necessary to support our efforts to open or acquire new complimentary businesses and channels of trade; our inability to predict or anticipate the duration or long-term economic effect of the ongoing conflicts between Ukraine and Russia or Israel and Hamas, along with any potential supply chain issues that may result; our competitive position; seasonality and how it may impact consumer behavior and resulting sales; our dependence on consumer interest in growing crops with the equipment and other products that we offer; evolving laws surrounding cannabis on a local, state and federal level; the effectiveness of our internal controls; our dependence on third parties to manufacture and sell us inventory; our ability to maintain or protect our intellectual property; our ability to innovate and develop new intellectual property to continue enhancing our product and service offerings; our ability to protect our systems from unauthorized intrusions or theft of proprietary information; our ability to retain key members of our executive team; our ability to maintain our relationships with third-party vendors and suppliers; our ability to internally develop products and intellectual property; our ability to achieve expected technological advances by us or by third parties and our ability to leverage such advances; our potential growth opportunities; 2 interpretations of current laws and the passa

Forward-looking statements

Forward-looking statements are inherently subject to risks and uncertainties, many of which we cannot predict with accuracy and some of which we might not even anticipate. Although we believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, we can give no assurance that such expectations will be achieved. Actual events or results may differ materially. Readers are cautioned not to place undue reliance on forward-looking statements. We have no duty to update or revise any forward-looking statements after the date of this prospectus or to conform them to actual results, new information, future events or otherwise. You should read the risk factors and the other cautionary statements made in this prospectus as being applicable to all related forward-looking statements wherever they appear in this prospectus or any applicable amendment or supplement to this prospectus. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. 3 PROSPECTUS SUMMARY The information set forth below is only a summary of more detailed information included elsewhere in, or incorporated by reference in, this prospectus and the accompanying base prospectus, and should be read together with the information contained or incorporated by reference in other parts of this prospectus. This summary may not contain all of the information that may be important to you. Before making a decision to invest in our common stock, you should carefully read all of the information contained in or incorporated by reference into this prospectus, including th

View Full Filing

View this S-1 filing on SEC EDGAR