iPower Inc. has announced that it received a deficiency letter from the Nasdaq Stock Market indicating that the company's common stock has been trading below the minimum $1.00 per share requirement for continued listing on the Nasdaq Capital Market. This notification, stemming from a 30-day period between mid-November and the end of December 2024, does not immediately affect the company's Nasdaq listing. iPower has been given an initial grace period until July 1, 2025, to regain compliance. With the deadline approaching and compliance not yet achieved, iPower submitted a compliance plan to Nasdaq, seeking an additional 180-day extension. This request was approved, extending the deadline to December 29, 2025. The company aims to meet the bid price requirement and avoid delisting by exploring options such as a reverse stock split. If the requirement is met for ten consecutive business days before the extended deadline, iPower will regain compliance. Failure to do so may lead to delisting, although iPower can appeal the decision.