iPower Inc. (IPW): Nasdaq/NYSE listing notice — iPower receives Nasdaq deficiency notice for bid price below $1.00

iPower Inc.

Nasdaq notified iPower that its common stock closing bid price was below $1.00 for 30 consecutive business days.
Company has 180 calendar days (until April 7, 2023) to regain compliance by closing at $1.00 for 10 consecutive days.
If not compliant by April 7, 2023, iPower may be eligible for an additional 180-day period if it meets other listing standards.
Stock continues trading on Nasdaq under ticker IPW; Company may consider options including reverse stock split.
Failure to cure could lead to delisting; Company can appeal a delisting determination to a Nasdaq Hearings Panel.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

iPower Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

November 9, 2022, iPower Inc., a Nevada corporation (the “Company”), received a deficiency letter from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, for the preceding 30 consecutive business days, the closing bid price for the Company’s common stock was trading below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”). The notification has no immediate effect on the Company’s Nasdaq listing and the Company’s co

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iPower Inc. filing history →

Source: SEC EDGAR

accession 0001683168-22-007526

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