iPower shareholders approve $10 million common stock issuance at special meeting

Bitget2026/09/22 12:40

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iPower held a special shareholder meeting on Sept. 21, 2026.
Shareholders authorized issuance of up to $10 million of common stock in private placements or public offerings.
Investors backed an amendment allowing the board to implement a reverse stock split, at its discretion, up to 1-for-250.
Holders adopted a revised 2020 equity incentive plan, lifting the share reserve to 50,000,000 with a 5% annual evergreen increase.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. iPower Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-26-007276), on September 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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iPower shareholders approve $10 million common stock issuance at special meeting

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