secwatch.observer — SEC 8-K summary
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Issuer:     iPower Inc. (IPW)
CIK:        0001830072
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001683168-22-007526
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

iPower receives Nasdaq deficiency notice for bid price below $1.00
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830072/000168316822007526/0001683168-22-007526-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830072/000168316822007526/ipower_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-007526

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