iPower Inc. Announces 1-for-9 Reverse Stock Split

What Happened

• iPower Inc. announced a reverse stock split of its common stock at a 1-for-9 ratio. The Board approved the reverse split range on July 16, 2026 and management set the final 1:9 ratio; the Company filed a Certificate of Amendment on August 5, 2026 that becomes effective at the start of trading on August 7, 2026. Shareholders had previously authorized reverse splits up to 1-for-250 via written consent on December 21, 2025 (reported on a Schedule DEF14C).

Key Details

• Reverse split ratio: 1-for-9, effective at market open on August 7, 2026.
• Filing: Certificate of Amendment filed with Nevada Secretary of State on August 5, 2026 (effective Aug 7, 2026).
• Share treatment: Every nine pre-split shares will convert into one post-split share; par value unchanged. No change to total authorized common or preferred shares.
• Security adjustments: Outstanding stock options and warrants will be reduced proportionally and exercise prices increased proportionally; restricted stock units will be adjusted. No fractional shares will be issued — fractional amounts will be rounded up. Exchange/transfer agent: VStock Transfer, LLC. New CUSIP: 46265P404.
• Disclosure: Company issued a press release on August 5, 2026 announcing the reverse split (Exhibit 99.1).

Why It Matters

• For investors, the reverse split reduces the number of shares outstanding and raises the per-share trading price while leaving overall ownership percentages unchanged. It also adjusts option/warrant economics and the CUSIP used for the stock. Shareholders holding shares through brokers need no action — positions should be adjusted automatically, though timing may vary by broker.