secwatch.observer — SEC 8-K summary
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Issuer:     iPower Inc. (IPW)
CIK:        0001830072
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001683168-24-001124
Event type: regulatory
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

iPower receives Nasdaq 180-day extension to regain $1.00 bid price compliance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830072/000168316824001124/0001683168-24-001124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830072/000168316824001124/ipower_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001124

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer