iPower executes 1-for-12 reverse stock split effective Sunday

iPower Inc. (NASDAQ:IPW) announced plans to conduct a 1-for-12 reverse stock split on October 26, 2026. This means every 12 shares currently held by shareholders will merge into a single share. The split will commence trading on a split-adjusted basis on The Nasdaq Capital Market the following day, retaining the current symbol IPW.

The new CUSIP number post-split will be 46265P503. Each shareholder will receive one share for every 12 they owned previously, with no fractional shares being issued. Those with fractional shares will be compensated in cash instead. Prior to the split, iPower had 6,394,999 shares outstanding. Following the reverse split, approximately 532,917 shares will be in circulation.

The company's aim is to boost the per-share trading price to meet the minimum bid price requirement for continued listing on The Nasdaq Capital Market. The reverse stock split was approved by the board of directors and stockholders. VStock Transfer, LLC will act as the exchange agent and transfer agent for this process. Registered stockholders with pre-split shares in electronic book-entry form do not need to take any action.

Those holding shares via a bank, broker, custodian, or other nominee will see their positions automatically adjusted to reflect the reverse split. iPower specializes in providing technology and data-driven solutions for supply chain and infrastructure needs of online retailers and brands.