SCHEDULE: White Cherry Limited Discloses 9.8% Stake in iPower Inc.
Beneficial Ownership Disclosure
White Cherry Limited, controlled by Xinbo Du, has reported a 9.8% beneficial ownership stake in iPower Inc. as of February 15, 2022.
Summary
- White Cherry Limited, a British Virgin Islands company, beneficially owns 3,083,700 shares of iPower Inc. common stock.
- This ownership represents 9.8% of iPower Inc.'s outstanding common stock.
- Xinbo Du, as the sole member of White Cherry Limited, is solely responsible for the voting and investment decisions related to these shares.
- The shares were acquired for investment purposes and not with the intent to change or influence the control of iPower Inc.
Sentiment
Score: 6
Explanation: The filing indicates a significant beneficial ownership stake by White Cherry Limited, suggesting investor confidence, though it provides no operational or financial performance details of iPower Inc. to assess broader sentiment.
Positives
- The disclosure of a significant beneficial ownership stake by White Cherry Limited may signal investor confidence in iPower Inc.'s long-term prospects.
Future Outlook
The filing does not contain any forward-looking statements or guidance from iPower Inc. management.
Management Comments
- Xinbo Du, Sole Member of White Cherry Limited, certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of iPower Inc., nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under SEC rules.
Industry Context
This filing is a standard disclosure of significant passive ownership and does not provide specific insights into broader industry trends or competitive landscape beyond the fact that an investor has taken a substantial stake in iPower Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant beneficial owner, which can influence market perception and potentially trading activity.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | Date of the event which required the filing of this statement (acquisition of beneficial ownership). |
| 10/27/2025 | Date the Schedule 13G statement was signed by Xinbo Du on behalf of White Cherry Limited. |
Keywords
iPower Inc., White Cherry Limited, Xinbo Du, beneficial ownership, Schedule 13G, common stock, institutional investor
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