other material
confidence high
sentiment neutral
materiality 0.55
iPower shareholders approve $10M offering, 1-for-250 reverse split, equity plan
iPower Inc.
- Shareholders approved issuing up to $10M of common stock in private placements/public offerings (2,272,998 for, 49,465 against).
- Approved reverse stock split up to 1-for-250 at board discretion, to maintain Nasdaq listing compliance (2,271,824 for).
- Approved Third Amended and Restated 2020 Equity Incentive Plan: 50M shares reserved plus 5% annual evergreen for 10 years (2,283,378 for).
- Votes cast: 2,322,467 of 6,427,376 eligible (36.13% quorum).