iPower Streamlines Operations, Sells Subsidiary for $2.3M

The move is part of a strategic restructuring to strengthen the company's core supply chain and fulfillment platform.

Feb. 2, 2026 at 8:31am

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iPower Inc. has announced the elimination of a major operating cost center by selling its subsidiary, Global Product Marketing Inc., for approximately $2.3 million. The move is part of a strategic restructuring designed to streamline operations and strengthen the company's core supply chain and fulfillment platform. iPower will continue to maintain its e-commerce capabilities through internal expertise and partnerships, while also preserving future supply chain revenue opportunities.

Why it matters

This restructuring allows iPower to reduce operating expenses, improve its balance sheet, and focus on its core competencies in supply chain and fulfillment. The company aims to pursue sustainable, margin-positive revenue opportunities while maintaining flexibility to explore digital asset initiatives in the future.

The details

Through the transaction, iPower has removed major costs associated with its online sales operations by selling Global Product Marketing Inc. The company will continue to maintain its e-commerce capabilities and strategic partnerships, while also preserving future supply chain revenue opportunities without bearing the previously associated operating expenses. The move is expected to significantly reduce operating expenses, increase iPower's asset base by $2.3 million, and preserve future supply chain revenue opportunities with positive contribution margins.

  • The transaction was announced on February 2, 2026.

The players

iPower Inc.

A technology- and data-driven online retailer and provider of value-added e-commerce services for third-party products and brands.

Global Product Marketing Inc.

A subsidiary of iPower that was sold as part of the strategic restructuring.

Lawrence Tan

Chief Executive Officer of iPower.

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What they’re saying

“This restructuring reflects a disciplined focus on efficiency and long-term value creation. By removing a high-cost operating component while retaining our supply chain platform and commercial relationships, we have improved our cost structure, strengthened our balance sheet, and positioned iPower to pursue sustainable, margin-positive revenue opportunities going forward.”

— Lawrence Tan, Chief Executive Officer

What’s next

As a result of the improved cost structure and enhanced balance sheet, iPower noted that the company is better positioned to prudently evaluate and support its previously announced digital asset initiatives, including its Digital Asset Treasury strategy.

The takeaway

This strategic restructuring allows iPower to streamline its operations, reduce costs, and focus on its core supply chain and fulfillment platform, positioning the company for sustainable growth and the potential to explore new opportunities in the digital asset space.