other_material
confidence high
sentiment negative
materiality 0.70
iPower stockholders approve reverse stock split up to 1:200 to maintain Nasdaq compliance
iPower Inc.
- Four directors elected: Chenlong Tan, Bennet Tchaikovsky, Yue Guo, Hanxi Li.
- Yi Yang elected to board; all directors serve one-year terms.
- Advisory vote on executive compensation approved with 21,390,021 for, 43,183 against.
- Reverse stock split approved (ratio 1:2 to 1:200) at board discretion for Nasdaq compliance.
- 92.2% of shares voted in favor of reverse split; no broker non-votes on this proposal.
item 5.07