iPower Inc. (IPW): Nasdaq/NYSE listing notice — iPower Inc. receives Nasdaq deficiency notice for bid price below $1.00; has until Feb 20, 2024 to regain compliance

iPower Inc.

Noncompliance period: 30 consecutive business days from July 13 to Aug 23, 2023, below $1.00 minimum bid price.
Company has 180 calendar days, until Feb 20, 2024, to close at $1.00+ for at least 10 consecutive trading days.
If not cured by Feb 2024, may be eligible for an additional 180-day period if other listing standards are met.
Nasdaq notice has no immediate effect on listing; stock continues trading on Nasdaq under symbol 'IPW'.
Company may consider options including reverse stock split to regain compliance.

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 0.9

iPower Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

ule 5550(a)(2) (the “Minimum Bid Price Requirement”). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has an

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iPower Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-006157

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