iPower (IPW) EGM 2026 summary

Opening remarks and agenda

• Meeting called to order virtually at 10:01 A.M. Eastern Time on September 21, 2026, with an agenda provided to all attendees.

• Introduction of board member Bennet Tchaikovsky and Corporate Controller Alice Wu; meeting recorded, with Q&A to follow formal business.

Specific resolutions to be voted on

• Approval for issuance of more than 20% of outstanding common stock for potential private placement or registered offering.

• Amendment to allow a reverse stock split at a ratio up to 1:250, at the board's discretion, to maintain Nasdaq compliance.

• Approval of a Third Amended and Restated 2020 Equity Incentive Plan, increasing reserved shares to 50 million and adding a 5% annual evergreen provision for 10 years.

• Adjournment and other business proposals included but not addressed due to lack of necessity.

Board and executive committee updates

• Lawrence Tan presided as CEO, Chairman, President, and Interim CFO; Alice Wu appointed as Inspector of Election and meeting secretary.