IPW 8-K
iPower Inc. (IPW)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 4.01. | Changes in Registrant’s Certifying Accountant. |
Dismissal of Independent Registered Public Accounting Firm
On June 24, 2025, iPower Inc., a Nevada corporation (the “Company”), dismissed UHY LLP as the Company’s independent registered public accounting firm, upon the approval of the audit committee of the Company’s board of directors.
The audit reports of UHY LLP on the consolidated financial statements of the Company for each of the fiscal years ended June 30, 2024 and June 30, 2023 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended June 30, 2024 and June 30, 2023, and the interim period from the end of the most recently completed year through June 24, 2025, the date of UHY LLP’s dismissal, there were no (a) disagreements, within the meaning of Item 304(a)(1)(iv) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended (“Regulation S-K”), and the related instructions thereto, with UHY LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of UHY LLP, would have caused UHY LLP to make reference to the subject matter of the disagreement in connection with its reports on the Company’s financial statements, or (b) reportable events requiring disclosure pursuant to Item 304(a)(1)(v) of Regulation S-K, except for the material weaknesses related to our controls related to the financial statements closing process, as they were deemed not adequately designed or appropriately implemented to identify material misstatements in our financials, that are disclosed under the heading “Item 9A. Controls and Procedures” in the Company’s Annual Report on Form 10-K for the year ended June 30, 2024, respectively, and the material weaknesses related to (i) a lack of effective communication and reconciliation procedures in our controlled subsidiaries and (ii) our controls related to the financial statements closing process were not adequately designed or appropriately implemented to identify material misstatements in our financial reporting on a timely basis that are disclosed under the heading “Item 9A. Controls and Procedures” in the Company’s Annual Report on Form 10-K for the year ended June 30, 2023.
The Company has provided UHY LLP a copy of the disclosures in this Form 8-K and has requested that UHY LLP furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the Company’s statements herein. A copy of such letter, which is dated June 30, 2025, is filed as Exhibit 16.1 to this Form 8-K.
Appointment of Independent Registered Public Accounting Firm
On June 24, 2025, following the approval of the Company’s audit committee of the board of directors, the Company appointed HTL International, LLC as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2025.
During the fiscal years ended June 30, 2024 and June 30, 2023, and the interim period from the end of the most recently completed year through June 24, 2025, neither the Company nor anyone on its behalf consulted HTL International, LLC regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report nor oral advice was provided to the Company that HTL International, LLC concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue, or (ii) any matter that was either the subject of a “disagreement” or a “reportable event,” each as defined in Regulation S-K Item 304(a)(1)(iv) and 304(a)(1)(v), respectively.
| Item 9.01. | Financial Statement and Exhibits. |
(d) Exhibits.
| Exhibit | Description | |
| 16.1 | Letter from UHY LLP to the Securities and Exchange Commission, dated June 30, 2025 | |
| 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.
| IPOWER, INC. | ||
| Dated: June 30, 2025 | ||
| By: | /s/ Chenlong Tan | |
| Name: | Chenlong Tan | |
| Title: | Chief Executive Officer | |
| 3 |
Exhibit 16.1
June 30, 2025
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Dear Commissioners:
We have read the statements included in the “Changes in Registrant’s Certifying Accountant” section of the Form 8-K Current Report (the “Filing”) of iPower Inc. (the “Company”), which we understand will be filed with the Securities and Exchange Commission on June 30, 2025. We agree with the statements relating only to UHY LLP in such Filing; we are not in a position to agree or disagree with other statements contained therein.
We hereby consent to the filing of this letter as an exhibit to the foregoing Filing.
Very truly yours,
/s/ UHY LLP
Irvine, California