iPower Inc. (NASDAQ:IPW) will effect a one-for-thirty (1:30) reverse stock split, consolidating its outstanding common stock, effective at the start of trading on October 27, 2025. This action follows the company's stockholders' approval and a subsequent board of directors' resolution.
The reverse stock split will reclassify every thirty shares of iPower's issued and outstanding common stock into one share. Trading of the company's common stock will continue on The Nasdaq Capital Market on a split-adjusted basis under a new CUSIP number, 46265P206.
Stockholders at the 2025 annual meeting on June 23, 2025, authorized the board to implement a reverse stock split at a ratio between one-for-two (1:2) and one-for-two hundred (1:200). Subsequently, the board approved a ratio between one-for-twenty (1:20) and one-for-thirty (1:30) on October 13, 2025. Management then determined the one-for-thirty ratio, and iPower filed a certificate of amendment to its certificate of incorporation with the Secretary of State of the State of Nevada on October 22, 2025.
The reverse stock split will proportionally reduce the number of shares issuable upon the exercise or vesting of outstanding warrants and restricted stock units, and it will cause a proportionate increase in their exercise prices. The total number of authorized shares of common or preferred stock remains unchanged. Stockholders who would otherwise receive a fractional share will instead receive one full share of the post-reverse stock split common stock. VStock Transfer LLC is acting as the exchange agent for this corporate action.
