Reverse stock splits in sub-$1M market cap companies are often a precursor to further dilution or delisting. Monitor for a subsequent equity offering (S-1 or S-3) as the company may use the higher post-split price to raise capital.
Price Chart
Executive Summary
iPower Inc. is effecting a 1-for-8 reverse stock split of its common stock, effective May 22, 2026, to regain compliance with Nasdaq's minimum bid price requirement for continued listing. The split reduces outstanding shares from 5,289,919 to approximately 661,240, with no change to authorized shares. This is a mechanical capital structure adjustment driven by Nasdaq compliance risk, not an operational improvement.
Key Facts
- 1-for-8 reverse stock split effective May 22, 2026
- Outstanding shares reduced from 5,289,919 to approximately 661,240
- Split intended to maintain Nasdaq minimum bid price compliance
- No change to total authorized shares of common or preferred stock
- Company market cap is approximately $1M
Financial Impact
No financial impact; reverse split is a mechanical share consolidation with no change to enterprise value or fundamentals.
Risk Factors
- Nasdaq delisting risk if bid price fails to hold above $1.00 after split
- Potential dilutive equity offering following the split
- Extremely low market cap ($1M) indicates minimal institutional support
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001683168-26-004228 |
| Document: ipower_ex0301.htm | 0001683168-26-004228 |
| Document: ipower_ex9901.htm | 0001683168-26-004228 |
| Document: 0001683168-26-004228-index-headers.html | 0001683168-26-004228 |
| Document: 0001683168-26-004228-index.html | 0001683168-26-004228 |
| Document: 0001683168-26-004228.txt | 0001683168-26-004228 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | S-3/A | $0.2151 | awaiting T+20 | — | $2.89 (−1243.56%) |
Oct 15, 2026 11d ago | S-1 | $0.4008 | awaiting T+20 | — | $2.89 (−621.06%) |
Oct 15, 2026 11d ago | 8-K | $0.3937 | awaiting T+20 | — | $2.89 (+634.06%) |
Oct 9, 2026 17d ago | S-3 | $0.5874 | awaiting T+20 | — | $2.89 (−392.00%) |
Sep 21, 2026 5w ago | EFFECT | $1.52 $0.3841 | ▲ +74.73% | ▲ +73.82% | $2.89 (−90.13%) |
Sep 9, 2026 6w ago | S-1/A | $1.67 $1.04 | ▲ +37.72% | ▲ +39.92% | $2.89 (−73.05%) |
Aug 18, 2026 9w ago | S-1/A | $3.06 $1.82 | ▲ +40.52% | ▲ +38.78% | $2.89 (+5.56%) |
Aug 5, 2026 11w ago | 8-K | $0.3648 $0.2011 | ▼ −44.87% | ▼ −44.27% | $2.89 (+692.21%) |
Jul 23, 2026 13w ago | 8-K | $0.8300 $0.3311 | ▼ −60.11% | ▼ −63.42% | $2.89 (+248.19%) |
Jul 21, 2026 13w ago | 8-K | $0.9000 $0.3400 | ▼ −62.22% | ▼ −64.78% | $2.89 (+221.11%) |
US Market Status
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