iPower Inc. (IPW): Nasdaq/NYSE listing notice — iPower receives Nasdaq 180-day extension to regain $1.00 bid price compliance

iPower Inc.

Initial deficiency notice on Aug 24, 2023 for bid price below $1.00 for 30 consecutive days.
Nasdaq granted additional 180-day grace period until August 19, 2024 to regain compliance.
Plan of Compliance includes potential reverse stock split if needed to meet bid price rule.
If not compliant by Compliance Date, Nasdaq will issue delisting notice; company may appeal.
Stock continues to trade under ticker IPW on Nasdaq Capital Market during grace period.

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 extension granted notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

February 21, 2024, the Company received formal approval from Nasdaq granting it an additional 180 days, or until August 19, 2024 (the “Compliance Date”), to regain compliance with the Bid Price Requirement. If at any time before the Compliance Date the closing bid price for the Company’s Common Stock is at least $1.00 for a minimum of 10 consecutive business days, the Staff will provide the Company written confirmation that it has regained compliance with the Bid Price Requirement. If the Company does not regain compliance with the Bid Price Requirement by the Compliance Date, the Staff will p

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Source: SEC EDGAR

accession 0001683168-24-001124

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