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iPower shareholders approve reverse split up to 1-for-250 and $10M equity offering to maintain Nasdaq listing compliance
IPWiPower Inc.
iPower Inc. held a special meeting of stockholders on September 21, 2026, where shareholders approved three proposals to maintain Nasdaq listing compliance and support growth. Stockholders authorized the issuance of up to $10 million in common stock through private or public offerings at prices potentially below the Nasdaq Minimum Price. They also approved an amendment allowing the board discretion to implement a reverse stock split with a ratio of up to 1-for-250 when necessary for compliance. Additionally, shareholders adopted a Third Amended and Restated 2020 Equity Incentive Plan, increasing reserved shares to 50 million and adding a ten-year evergreen provision for annual increases. iPower Inc. operates in the e-commerce industry, specializing in indoor gardening equipment and supplies.