iPower Announces 1-for-9 Reverse Split to Regain Nasdaq Compliance
IPW is trading near its 52-week low of $0.49 (9.4% above the low).
Summary
iPower will execute a 1-for-9 reverse stock split, effective August 6, 2026, to lift its share price above Nasdaq's $1 minimum bid requirement. The stock closed at $0.5363, putting it deep in non-compliance territory. This follows a catastrophic Q3 where revenue collapsed 78% and the company posted a $2.38 per-share loss, alongside a series of dilutive financings and a pivot into speculative AI assets. The reverse split is a mechanical fix that does not address the underlying cash burn or operational deterioration. With a market cap near $1 million, the company remains in severe distress.
At the time of this announcement, IPW was trading at $0.54 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1M. The 52-week trading range was $0.49 to $277.20. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.