SplitAug 5, 2026, 11:51 AM
iPower Announces 1-for-9 Reverse Stock Split Effective Aug 7
AI Summary
iPower Inc. announced a 1-for-9 reverse stock split of its common stock, effective August 7, 2026. This action will combine every nine shares into one, reducing the total outstanding shares from approximately 7 million to 781,068. The company stated the primary purpose of the reverse stock split is to increase its per share trading price to meet Nasdaq Capital Market's minimum bid price requirement and maintain its listing.
Key Highlights
- iPower Inc. announced a 1-for-9 reverse stock split of its common stock.
- The reverse stock split will become effective at 12:01 a.m. ET on August 7, 2026.
- Common stock will begin trading on a split-adjusted basis on Nasdaq at market open on August 7, 2026.
- The new CUSIP number for the common stock will be 46265P404.
- Shares outstanding will decrease from 7,029,608 to approximately 781,068.
- The split aims to increase the per share trading price to maintain Nasdaq listing compliance.
Price Impact
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