−Removed: MARKET FOR REGISTRANT’S COMMON
−Removed: EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Our common stock is listed
−Removed: on The Nasdaq Capital Market, or Nasdaq, under the symbol “IPW,” where we commenced trading on May 14, 2021.
−Removed: Prior to that
−Removed: time, our common stock was not traded on any exchange or quoted on any over the counter market.
−Removed: As of October 9, 2025,
−Removed: we had 23 holders of record of our common stock and 31,493,686 shares of common stock outstanding.
+Added: MARKET FOR REGISTRANT’S COMMON EQUITY,
+Added: RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
+Added: Our common stock is listed on
+Added: The Nasdaq Capital Market, or Nasdaq, under the symbol “IPW,” where we commenced trading on May 14, 2021.
+Added: Prior to that time,
+Added: our common stock was not traded on any exchange or quoted on any over the counter market.
+Added: As of October 2, 2026 we
+Added: had 29 holders of record of our common stock and 1,262,584 shares of common stock outstanding.
We have never paid cash dividends
12 unchanged sentences
a subsidiary of the Company under the Company’s Amended and Restated 2020 Equity Inventive Plan (the “2020 Amended Equity
−Removed: Incentive Plan”) was 10,000,000 shares.
+Added: Incentive Plan”) was 50,000,000 shares (627,315 shares on a post reverse split basis, taking into account the May 22, 2026 and
+Added: August 7, 2026 reverse stock splits).
Grants made under the 2020 Amended Equity Incentive Plan must be approved by the Company’s
board of directors.
−Removed: The following table provides
−Removed: information as of June 30, 2025 about our equity compensation plans and arrangements.
+Added: The following table provides information
+Added: as of June 30, 2026 about our equity compensation plans and arrangements.
Plan category
7 unchanged sentences
Issuer Purchases of Equity Securities
+Added: On February 10, 2026, the
+Added: board of directors of the Company authorized a share repurchase program of up to $2.0 million of the Company’s common stock (the
+Added: “Share Buyback Program”).
+Added: On May 26, 2026, the Company executed the documents required to implement a trading plan in connection
+Added: with the Share Buyback Program.
+Added: The repurchase program does not obligate the Company to acquire any specific number of shares and may
+Added: be suspended or discontinued at any time.
+Added: As of June 30, 2026, the Company
+Added: repurchased an aggregate of 1,346 shares of its common stock for approximately $41,755 in open-market transactions under the Share Buyback
+Added: Total number of shares purchased
+Added: Average price paid per share
+Added: Total number of shares purchased as part of publicly announced plans or programs
+Added: Maximum number of shares (or approximate dollar value) of shares that may yet be purchased under the plans or programs
Use of Proceeds
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.