What changed in this filing

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Item 1A. Risk Factors

2024-02-14 compared with 2023-11-14 · 14 added, 47 removed, 21 unchanged (74% of the section changed)

Unstable market and economic conditions

and potential disruptions in the credit markets may adversely affect our business, including the availability and cost of short-term funds

for liquidity requirements and our ability to meet long-term commitments, which could adversely affect our results of operations, cash

flows and financial condition.

If internally generated funds

are not available from operations, we may be required to rely on the banking and credit markets to meet our financial commitments and

short-term liquidity needs.

Our access to funds under our revolving credit facility or pursuant to arrangements with other financial institutions

is dependent on the financial institution’s ability to meet funding commitments.

Financial institutions may not be able to meet

their funding commitments if they experience shortages of capital and liquidity or if they experience high volumes of borrowing requests

from other borrowers within a short period of time.

In addition, the global credit

and financial markets have recently experienced extreme volatility and disruptions, including severely diminished liquidity and credit

availability, declines in consumer confidence, declines in economic growth, inflationary pressure and interest rate changes and uncertainty

about economic stability.

More recently, the closures of Silicon Valley Bank, Signature Bank and First Republic Bank and

their placement into receivership with the Federal Deposit Insurance Corporation (FDIC) created bank-specific and broader financial institution

liquidity risk and concerns.

Although the Department of the Treasury, the Federal Reserve and the FDIC jointly released a statement that

depositors at Silicon Valley Bank and Signature Bank would have access to their funds, even those in excess of the

standard FDIC insurance limits, under a systemic risk exception, future adverse developments with respect to specific financial institutions

or the broader financial services industry may lead to market-wide liquidity shortages, impair the ability of companies to access near-term

working capital needs, and create additional market and economic uncertainty.

There can be no assurance that future credit and financial

market instability and a deterioration in confidence in economic conditions will not occur.

Our general business strategy may be adversely

affected by any such economic downturn, liquidity shortages, volatile business environment or continued unpredictable and unstable market

If the equity and credit markets deteriorate, or if adverse developments are experienced by financial institutions, it may

cause short-term liquidity risk and also make any necessary debt or equity financing more difficult, more costly and more dilutive.

to secure any necessary financing in a timely manner and on favorable terms could have a material adverse effect on our growth strategy,

financial performance and stock price and could require us to delay or abandon clinical development plans.

In addition, there is a risk

that one or more of our current service providers, financial institutions, manufacturers and other partners may be adversely affected

by the foregoing risks, which could directly affect our ability to attain our operating goals on schedule and on budget.

If we fail to comply with the continued

16 unchanged sentences

our intention to cure the bid price deficiency during the second compliance period, by effecting a reverse stock split, if necessary.

If the Company cannot regain compliance with the

Minimum Bid Price Requirement during the Compliance Period or any subsequently granted compliance period, Nasdaq will provide the Company

with notice that our common stock will be subject to delisting.

At that time, the Company may appeal Nasdaq’s delisting determination

to a Nasdaq Hearings Panel.

While Nasdaq’s notice to the Company of noncompliance has no immediate effect on the listing of our

common stock and our common stock will continue to be listed on The Nasdaq Capital Market under the symbol “IPW,” there can

be no assurance that we will regain compliance with the Minimum Bid Price Requirement or maintain compliance with any of the other Nasdaq

continued listing requirements.

We will continue to monitor the closing bid price of our common stock and may, if appropriate, consider

available options to regain compliance with the Minimum Bid Price Requirement.

RECENT SALES OF UNREGISTERED EQUITY SECURITIES

Prior to February 20, 2024, we will submit a memorandum to Nasdaq seeking approval to utilize the additional 180-day compliance period

to regain compliance with the Minimum Bid Price Requirement.

In the event the Company cannot

regain compliance with the Minimum Bid Price Requirement during the Compliance Period or any subsequently granted compliance period, Nasdaq

will provide the Company with notice that our common stock will be subject to delisting.

At that time, the Company may appeal Nasdaq’s

delisting determination to a Nasdaq Hearings Panel.

While Nasdaq’s notice to the Company of noncompliance has no immediate effect

on the listing of our common stock and our common stock will continue to be listed on The Nasdaq Capital Market under the symbol “IPW,”

there can be no assurance that we will regain compliance with the Minimum Bid Price Requirement or maintain compliance with any of the

other Nasdaq continued listing requirements.

We will continue to monitor the closing bid price of our common stock and may, if appropriate,

consider available options to regain compliance with the Minimum Bid Price Requirement.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

DEFAULTS UPON SENIOR SECURITIES

2 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1A. Risk Factors