SplitMay 19, 2026, 11:59 PM
iPower Announces 1-for-8 Reverse Stock Split Effective May 22
AI Summary
iPower Inc. announced a 1-for-8 reverse stock split of its common stock, effective May 22, 2026. The company's shares will begin trading on a split-adjusted basis on The Nasdaq Capital Market under the existing ticker symbol "IPW" on the same day. This action is being taken to increase the per share trading price and ensure compliance with Nasdaq's minimum bid price requirement for continued listing.
Key Highlights
- iPower to effect a 1-for-8 reverse stock split of its common stock.
- The reverse stock split becomes effective at 12:01 a.m. ET on May 22, 2026.
- Common stock will trade on a split-adjusted basis on Nasdaq under "IPW" from May 22, 2026.
- New CUSIP number for the common stock will be 46265P305.
- Pre-split, there were 5,289,919 shares outstanding; post-split, approximately 661,240 shares.
- No fractional shares will be issued; stockholders will receive cash in lieu thereof.
- The split aims to increase per share trading price to maintain Nasdaq listing compliance.
- The reverse stock split was approved by the board of directors and stockholders.
Price Impact
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