iPower Sets 1-for-12 Reverse Split as Shares Sit at 52-Week Low
IPW is trading near its 52-week low of $0.239 (1.1% above the low) on light trading volume (0.1× avg).
Summary
iPower is doing another reverse split, this time 1-for-12, effective October 26, after already executing a 1-for-9 split effective August 6, 2026. The stock trades around $0.24, near its 52-week low, so this is a compliance move to get back above Nasdaq's $1 minimum rather than a sign of improving business. The company's FY2026 10-K showed revenue down 68% to $19.96M and an $11.6M net loss, and it has been leaning on convertible notes — the October 15 S-1 registered 26.5 million shares for resale tied to a new $3 million tranche. A second split within months, at a steeper ratio, tells you the first one did not hold the price up. Watch for the post-split share count and for further 424B resale filings under the $50M shelf registered October 9.
At the time of this announcement, IPW was trading at $0.24 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.3M. The 52-week trading range was $0.24 to $2,095.20. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.