iPower will reduce its outstanding shares by 87.5% to comply with Nasdaq’s minimum bid price requirement effective May 22, 2026.
iPower (IPW) will execute a 1-for-8 reverse stock split at 12:01 a.m. ET on May 22, 2026, reducing its share count to meet Nasdaq’s listing standards. The move follows prior warnings over the stock’s low trading price.
The split will adjust the number of outstanding shares without changing the company’s market capitalization. Trading will resume on a split-adjusted basis on Nasdaq the same day. IPW has faced delisting risk due to sustained price levels below Nasdaq’s $1 minimum bid requirement.
No immediate market reaction was disclosed in the announcement.