iPower Inc. Faces Delisting Concerns

TL;DR

iPower Inc. might get kicked off the exchange - trading could be affected.

AI Summary

iPower Inc. filed an 8-K on January 8, 2025, reporting a notice of delisting or failure to meet continued listing standards. The earliest event reported was on January 2, 2025. The company is incorporated in Nevada and its principal executive offices are located at 8798 9th Street, Rancho Cucamonga, CA.

Why It Matters

This filing indicates potential issues with iPower Inc.'s compliance with stock exchange listing rules, which could lead to its shares being delisted.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock trading and investor confidence.

Key Players & Entities

• iPower Inc. (company) — Registrant
• January 2, 2025 (date) — Earliest event reported
• January 8, 2025 (date) — Filing date
• Nevada (jurisdiction) — State of incorporation
• 8798 9th Street Rancho Cucamonga, CA 91730 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock $0.001 per share IPW The Nasdaq Stock Mark
• $1.00 — maintain a minimum closing bid price of $1.00 per share, as required for continued li

Filing Documents

• ipower_8k.htm (8-K) — 27KB
• 0001683168-25-000161.txt ( ) — 198KB
• ipw-20250102.xsd (EX-101.SCH) — 3KB
• ipw-20250102_lab.xml (EX-101.LAB) — 33KB
• ipw-20250102_pre.xml (EX-101.PRE) — 24KB
• ipower_8k_htm.xml (XML) — 4KB

01

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing On January 2, 2025, iPower Inc. (the "Company") received a letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") stating that for the 30 consecutive business day period between November 15, 2024 to December 31, 2024, the Company's common stock had failed to maintain a minimum closing bid price of $1.00 per share, as required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement"). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has an initial period of 180 calendar days, or until July 1, 2025 (the "Compliance Period"), to regain compliance with the Minimum Bid Price Requirement. To regain compliance, the closing bid price of the Company's common stock must meet or exceed $1.00 per share for a minimum of ten consecutive trading days, unless such period is extended by Nasdaq. If the Company does not regain compliance with the Minimum Bid Price Requirement by July 1, 2025, the Company may be eligible for additional time. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. If the Company cannot regain compliance during the Compliance Period or any subsequently granted compliance period, Nasdaq will provide the Company with notice that its common stock will be subject to delisting. At that time, the Company may appeal the Nasdaq's delisting determination to a Nasdaq Hearings Panel. Nasdaq's notice to the Company of noncompliance has no immediate effect on the listing of th

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. iPower Inc. Dated: January 8, 2025 By: /s/ Chenlong Tan Name: Chenlong Tan Title: Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR