secwatch.observer — SEC 8-K summary
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Issuer:     iPower Inc. (IPW)
CIK:        0001830072
Form:       8-K
Filed at:   2023-08-30T23:59:59+00:00
Accession:  0001683168-23-006157
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

iPower Inc. receives Nasdaq deficiency notice for bid price below $1.00; has until Feb 20, 2024 to regain compliance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830072/000168316823006157/0001683168-23-006157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830072/000168316823006157/ipower_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-006157

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