secwatch.observer — SEC 8-K summary
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Issuer:     Ideal Power Inc. (IPWR)
CIK:        0001507957
Form:       8-K
Filed at:   2022-01-14T23:59:59+00:00
Accession:  0001104659-22-004416
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Ideal Power receives Nasdaq non-compliance notice for audit committee composition after director's death
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- Passing of director David B. Eisenhaure left Audit Committee with only two independent directors, violating Nasdaq Listing Rule 5605(c)(2)(A).
- Cure period ends at earlier of next annual meeting or October 21, 2022; if before April 19, 2022, then by that date.
- Board engaged a search firm to fill the vacancy and expects to be compliant within the cure period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507957/000110465922004416/0001104659-22-004416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507957/000110465922004416/tm223019d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-004416

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