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IPW stock has given up its prior gain. iPower shares were trading higher after the company announced that it has signed a non-binding letter of intent with a prospective customer for the proposed lease of dedicated high-performance GPU computer systems.
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iPower shares are trading lower after the company announced a 1-for-9 reverse stock split, effective August 7.
iPower Inc. Announces 1-for-9 Reverse Stock Split
iPower Inc. (Nasdaq: IPW) announced a 1-for-9 reverse stock split effective August 7, 2026, reducing outstanding shares from approximately 7.03 million to 781,068. The reverse split aims to increase per-share trading price to maintain compliance with Nasdaq Capital Market's minimum bid price requirement. The company is simultaneously pivoting toward AI infrastructure investments and GPU deployment opportunities.
iPower Announces 1-For-9 Reverse Stock Split, Effective Aug. 7
iPower Inc. (NASDAQ:IPW) ("iPower" or the "Company"), a technology- and data-driven supply chain and infrastructure provider for online retailers and brands, today announced that it will effect a 1-for-9