iPower (IPW) investor relations material

Executive summary

• Special Meeting scheduled to vote on four key proposals: stock offering, reverse stock split, equity incentive plan amendment, and adjournment authority.

• Board unanimously recommends approval of all proposals, citing alignment with company and shareholder interests.

• Proposals aim to maintain Nasdaq compliance, support capital raising, and enhance employee retention.

Voting matters and shareholder proposals

• Proposal 1: Authorizes issuance of up to $10 million or 10,000,000 shares of common stock in private or public offerings, potentially at a discount up to 15% below Nasdaq Minimum Price.

• Proposal 2: Approves a reverse stock split at a ratio up to 1-for-250, at the Board's discretion, to maintain Nasdaq listing requirements.

• Proposal 3: Amends the 2020 Equity Incentive Plan to increase reserved shares to 50,000,000 and adds a 10-year evergreen provision for annual increases.

• Proposal 4: Allows adjournment of the meeting to solicit additional votes if necessary.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board retains discretion on timing and ratio of reverse stock splits within approved range.

• Board may implement reverse splits on multiple occasions within 12 months if needed.

• Board has authority to allocate offering proceeds and manage plan amendments.