iPower entered into a Supplement to its Supply and Distribution Agreement with Global Product Marketing and ETTS AI on June 30, 2026. Under the amendment, GPM assumed $2,007,366.86 of payables owed to iPower’s suppliers in exchange for an equal value of iPower’s existing inventory. The supplement also releases iPower and GPM from exclusive sourcing and distribution obligations under the prior agreement dated February 1, 2026. The changes are expected to streamline operations and provide greater flexibility for both parties.
Agreement details:
- Agreement type: Supplement to Supply and Distribution Agreement
- Counterparty: Global Product Marketing and ETTS AI Investment
- Signed / Effective: Jun 30 2026 / same
- Duration / Termination: At will
- Reason: Transfer inventory and remove exclusivity obligations
Original SEC Filing:
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