iPower Inc. announces a 1-for-8 reverse stock split effective May 22, 2026, to maintain Nasdaq compliance.
Quiver AI Summary
iPower Inc. has announced a 1-for-8 reverse stock split effective May 22, 2026, at 12:01 a.m. Eastern Time. This means that for every eight shares held, stockholders will receive one share, with no fractional shares issued; those entitled to fractions will receive cash instead. The company's common stock will start trading on a split-adjusted basis under the ticker symbol "IPW" on The Nasdaq Capital Market. The move aims to increase the stock's trading price to meet Nasdaq's minimum bid price requirement. Before the split, there were 5,289,919 shares outstanding, which will reduce to approximately 661,240 shares post-split. The reverse stock split was approved by iPower's board and stockholders, and the company's transfer agent is VStock Transfer, LLC.
Potential Positives
- The reverse stock split aims to increase the per share trading price, helping the company maintain compliance with Nasdaq's minimum bid price requirement.
- The board of directors and stockholders approved the reverse stock split, indicating support from leadership and shareholders for the company's strategic decisions.
- The action of consolidating shares can potentially appeal to institutional investors who often prefer stocks with higher per-share prices.
- The reverse split simplifies the share structure, with fewer total shares outstanding, which may enhance the perception of the company’s value in the market.
Potential Negatives
- The company is executing a reverse stock split primarily to avoid being delisted from Nasdaq, which may indicate underlying issues with stock performance and investor confidence.
- A significant reduction in shares outstanding from approximately 5.3 million to 661,240 could raise concerns about liquidity and accessibility for investors.
- The necessity of a reverse stock split may signal financial instability or poor stock market performance, which could negatively impact the company's reputation among potential investors.
FAQ
What is the reverse stock split ratio for iPower Inc.?
iPower Inc. will effect a 1-for-8 reverse stock split of its common stock.
When will the reverse stock split become effective?
The reverse stock split will become effective at 12:01 a.m. Eastern Time on May 22, 2026.
How many shares will be outstanding after the reverse split?
After the reverse split, there will be approximately 661,240 shares of common stock outstanding.
What is the purpose of the reverse stock split?
The purpose is to increase the per share trading price to maintain compliance with Nasdaq's minimum bid price requirement.
Who is handling the exchange for the reverse stock split?
VStock Transfer, LLC is acting as the exchange agent and transfer agent for the reverse stock split.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$IPW Revenue
$IPW had revenues of $7.1M in Q2 2026. This is a decrease of -62.6% from the same period in the prior year.
You can track IPW financials on Quiver Quantitative's IPW stock page.
You can access data on IPW stock through the Quiver Quantitative API.
$IPW Hedge Fund Activity
We have seen 3 institutional investors add shares of $IPW stock to their portfolio, and 14 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GEODE CAPITAL MANAGEMENT, LLC added 27,503 shares (+inf%) to their portfolio in Q1 2026, for an estimated $38,229
- UBS GROUP AG removed 2,560 shares (-27.0%) from their portfolio in Q1 2026, for an estimated $3,558
- STATE STREET CORP removed 1,734 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $12,970
- MARINER, LLC removed 1,360 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $10,172
- XTX TOPCO LTD removed 1,275 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $9,537
- TWO SIGMA INVESTMENTS, LP removed 1,102 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $8,242
- VIRTU FINANCIAL LLC removed 942 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $7,046
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
RANCHO CUCAMONGA, Calif., May 19, 2026 (GLOBE NEWSWIRE) -- iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a technology- and data-driven supply chain and infrastructure provider for online retailers and brands, today announced that it will effect a 1-for-8 reverse stock split of its issued and outstanding common stock.
The reverse stock split will become effective at 12:01 a.m. Eastern Time on May 22, 2026, and the Company’s common stock will begin trading on a split-adjusted basis on The Nasdaq Capital Market at the market open on May 22, 2026 under the existing ticker symbol “IPW.”
The new CUSIP number for the Company’s common stock following the reverse stock split will be 46265P305.
As a result of the reverse stock split, every eight shares of the Company’s issued and outstanding common stock will automatically be combined into one issued and outstanding share of common stock. No fractional shares will be issued in connection with the reverse stock split, and stockholders who would otherwise be entitled to receive a fractional share will receive cash in lieu thereof. Prior to the reverse split, there were a total of 5,289,919 shares of common stock outstanding. Following the reverse split, there will be a total of approximately 661,240 shares of common stock outstanding.
The Company is effectuating the reverse stock split to increase the per share trading price of the Company’s common stock to ensure the Company maintains compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market.
The reverse stock split was approved by the Company’s board of directors and stockholders.
VStock Transfer, LLC is acting as the exchange agent and transfer agent for the reverse stock split. Registered stockholders holding pre-split shares electronically in book-entry form are not required to take any action to receive post-split shares. Stockholders owning shares through a bank, broker, custodian or other nominee will have their positions automatically adjusted to reflect the reverse stock split, subject to such broker’s particular processes.
About iPower Inc.
iPower Inc. (Nasdaq: IPW) is a technology- and data-driven supply chain and infrastructure provider for online retailers and brands, operating at the intersection of digital assets and real-world commerce. The Company delivers procurement, fulfillment, logistics, and software-enabled services, and is executing a broader crypto strategy through licensed partners and compliant infrastructure. For more information, please visit www.meetipower.com .
Forward-Looking Statements
All statements other than statements of historical fact in this press release are forward-looking statements. Such statements involve known and unknown risks and uncertainties and are based on current expectations and projections. Actual results may differ materially from those set forth herein. iPower undertakes no obligation to update forward-looking statements except as required by law. Investors are encouraged to review iPower’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
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