iPower Inc. announced sublease of ~85,000 sq ft Rancho Cucamonga facility generating $62.5k‑$112.7k monthly rent.
The sublease provides over $2.6 million contracted income through May 2028, with term May 1 2026‑May 31 2028.
Shares rose about 8% in pre‑market trading on April 17 2026 after the announcement.
CEO Lawrence Tan said the deal advances iPower’s shift to an asset‑light model and improves capital efficiency.