Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON
EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is listed
on The Nasdaq Capital Market, or Nasdaq, under the symbol “IPW,” where we commenced trading on May 14, 2021. Prior to that
time, our common stock was not traded on any exchange or quoted on any over the counter market.
Shareholders
As of October 9, 2025,
we had 23 holders of record of our common stock and 31,493,686 shares of common stock outstanding.
Dividends
We have never paid cash dividends
on our common stock. Holders of our common stock are entitled to receive dividends, if any, declared and paid from time to time by the
board of directors out of funds legally available. We intend to retain any earnings for the operation and expansion of our business and
do not anticipate paying cash dividends on our common stock in the foreseeable future. Any future determination as to the payment of cash
dividends will depend upon future earnings, results of operations, capital requirements, our financial condition, and other factors that
our board of directors may consider.
Equity Compensation Plans
2020 Amended Equity Incentive Plan
The total number of underlying
shares of the Company’s common stock available for grant to directors, officers, key employees and consultants of the Company or
a subsidiary of the Company under the Company’s Amended and Restated 2020 Equity Inventive Plan (the “2020 Amended Equity
Incentive Plan”) was 10,000,000 shares. Grants made under the 2020 Amended Equity Incentive Plan must be approved by the Company’s
board of directors.
The following table provides
information as of June 30, 2025 about our equity compensation plans and arrangements.
Plan category
Number of
securities to be
issued upon
exercise of
outstanding
options,
warrants and
rights
Weighted-
average
exercise price of
outstanding
options,
warrants and
rights
Number of
securities
remaining
available for
future issuance
under equity
compensation
plans
Equity compensation plans approved by security holders
4,335,629
$ 1.17
5,378,502
Equity compensation plans not approved by security holders
–
–
–
Total
4,335,629
$ 1.17
5,378,502
34
Recent Sales of Unregistered Securities
None.
Issuer Purchases of Equity Securities
None.
Use of Proceeds
None.
ITEM 6. [Reserved]
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.