What changed in this filing

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Item 1A. Risk Factors

2024-05-14 compared with 2024-02-14 · 22 added, 21 removed, 14 unchanged (75% of the section changed)

8 unchanged sentences

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has an initial period of

180 calendar days, or until February 20, 2024 (the “Compliance Period”), to regain compliance with the Minimum Bid Price Requirement.

To regain compliance, the closing bid price of the Company’s common stock must meet or exceed $1.00 per share for a minimum of 10

consecutive trading days, unless such period is extended by Nasdaq.

If the Company does not regain compliance with the Minimum Bid Price

Requirement by February 20, 2024, the Company may be eligible for an additional 180-day period to regain compliance.

To qualify, the Company

would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards

for The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and we would need to provide written notice of

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

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

180 calendar days, or until February 20, 2024 (the “Initial Compliance Period”), to regain compliance with the Minimum Bid

Price Requirement.

Since the Company had not achieved compliance during the Initial Compliance Period, the Company submitted a plan of

compliance (the “Plan of Compliance”) to Nasdaq seeking an additional 180-day extension (the “Additional Grace 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.

The Plan of Compliance sets forth the steps the Company will take to regain

compliance with the Minimum Bid Price Requirement within the Additional Grace Period, including effectuating a reverse split of our common

stock, if deemed necessary.

On February 21, 2024, the

Company received formal approval from Nasdaq granting us an additional 180 days, or until August 19, 2024 (the “Compliance Date”),

to regain compliance with the Minimum Bid Price Requirement.

at any time before the Compliance Date the closing bid price for the Company’s common stock is at least $1.00 for a minimum of 10

consecutive business days, Nasdaq’s Staff will provide the Company written confirmation that it has regained compliance with the

Minimum Bid Price Requirement.

If the Company does not regain compliance with the Minimum Bid Price Requirement by the Compliance Date,

the Staff will provide written notification to the Company that its common stock will be subject to delisting.

At that time, the Company

may appeal the Staff’s delisting determination to a Nasdaq Hearings Panel.

There can be no assurance that the Company will regain

compliance or otherwise maintain compliance with any of the other listing requirements.

Nonetheless, the Company intends to monitor the

closing bid price of its common stock and will, if necessary, consider available options to regain compliance with the Minimum Bid Price

Requirement prior to the Compliance Date.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

3 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