iPower Meets Nasdaq Bid Price Compliance
29 June 2023 - 10:30PM
iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a leading
online retailer and supplier of consumer home and garden products,
today announced it received confirmation from The Nasdaq Stock
Market LLC (“Nasdaq”) that it has regained compliance with the
minimum bid price requirement of $1.00 per share under Nasdaq
Listing Rule 5550(a)(2) (the “Listing Rule of Nasdaq”).
In November 2022, iPower received notice from Nasdaq that its
common stock failed to maintain a minimum bid price to remain
listed on the exchange. The Company was allowed a cure period of
six months, along with an additional six month extension period, to
meet the minimum share price or greater. On June 27, 2023, Nasdaq
confirmed that, for ten consecutive business days, the closing bid
price of the Company’s common stock has been at $1.00 per share or
greater. Accordingly, iPower is now in compliance with Nasdaq’s
Listing Rules and the matter is closed.
About iPower Inc.
iPower Inc. is a leading online retailer and supplier of
consumer home and garden products. iPower offers thousands of stock
keeping units from its in-house brands as well as hundreds of other
brands through its ecommerce channel partners and its websites,
www.zenhydro.com and www.simpledeluxe.com. iPower has a diverse
customer base that includes both commercial businesses and
individuals. For more information, please visit iPower's website at
www.meetipower.com.
Investor Relations Contact:
Sean Mansouri, CFAElevate IR(720)
330-2829IPW@elevate-ir.com
iPower (NASDAQ:IPW)
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