iPower is taking a significant step to regain compliance with Nasdaq by implementing a 1-for-30 reverse stock split. This move is crucial as it aims to boost the company's stock price and enhance its market standing, which can attract more investors and stabilize its financial health. Such actions are often seen as a proactive measure to align with exchange requirements and can signal to the market that the company is committed to improving its performance.

iPower has announced a 1-for-30 reverse stock split that will take effect on October 27. This move is significant as it aims to increase the company's stock price and improve its market perception. Reverse stock splits are often used by companies to meet listing requirements or attract institutional investors, making this a noteworthy development for iPower's future.