Good day, and welcome to the iPower Inc Special Meeting of Stockholders. I would now like to turn the conference over to Lawrence Tan, Chief Executive Officer, Chairman, President, and Interim Chief Financial Officer of iPower Inc. Please go ahead. Thank you, operator. Good morning. I am now calling the meeting to order. My name is Lawrence Tan and I am the Chief Executive Officer, Chairman, President, and Interim Chief Financial Officer of iPower Inc. Welcome to our 2026 special meeting of the stockholders. We are excited to be hosting this special meeting virtually, which allows us to be more inclusive and reach a greater number of our stockholders. We have stockholders attending via the web portal. We will conduct the business portion of our meeting first, and in the event there are any questions, we will answer such questions at the end of the meeting. In keeping with the digital approach to this special meeting, it is now 10:01 A.M. Eastern Time on September 21, 2026, and the special meeting is officially called to order. An agenda that outlines the order of business for the special meeting has been made available to all attendees. First, I would like to introduce the current member of the company's Board of Directors who are on the broadcast today, Bennet Tchaikovsky. We also have Alice Wu, our Corporate Controller, here with us. After the formal meeting has been adjourned, we will provide time for general questions. Only validated stockholders may ask questions in the designated field on the web portal. Out of consideration for others, please limit yourself to one question. Please note that this meeting is being recorded. However, no one attending via the webcast or telephone is permitted to use any audio recording device. The Board of Directors fixed August 3, 2026, as the record date for determining stockholders entitled to vote at this special meeting. An affidavit has been delivered attesting to the fact that the notice of the special meeting of stockholders was mailed to stockholders on or about September 10, 2026, to all stockholders as of the record date. Such affidavit will be incorporated into the minutes of this meeting. The stockholder list shows that as of the record date, there were 6,427,276 shares of common stocks outstanding and entitled to vote at this meeting. We are informed by the Inspector of Election that there are represented in person or by proxy shares of common stock representing 2,322,467 shares, or approximately 36.1% of the voting power on the record date. Since this represents more than 1/3 of the voting power of all issued and outstanding stock entitled to vote on the record date, as is required for a quorum and our bylaws, a quorum is present for purposes of transacting business. In advance of this meeting, the proxy materials, including a copy of the company's proxy statement and the proxy card, were sent on or about September 10, 2026, to each stockholders of the record as of August 3, 2026, which is the record date for this meeting. Alice Wu, the company's Corporate Controller, has been appointed to act as Inspector of Election and to act as secretary at this meeting. My name is Alice Wu, and my oath as Inspector of Election has been submitted and will also be appended to the minutes of this meeting. As Inspector of Election, I have pulled the stockholders present in person and have examined the proxies. My report of stockholders represented at the meeting has been submitted and indicates that holders of shares in excess of the number necessary to constitute a quorum are present in person or represented by proxy. The Inspector of Election's report will be available for inspection throughout the meeting and will be appended to the minutes. I will now present the matters to be voted. Please note that we will give the stockholders an opportunity to comment on the proposal themselves after all proposals have been presented. In addition, as this is a virtual meeting and all votes are submitted electronically at one time, we are presenting all matters to be voted on here at once, after which you may cast your vote for each matter via electronic submission. Proposal 1 is to approve for purposes of complying with Nasdaq Listing Rule 5635(d), the issuance of more than 20% of the company's issued and outstanding common stock in relation to one or more potential private placement or registered offering of the common stock. Proposal 2 is to approve an amendment to the company's Sixth Amended and Restated Articles of Incorporation to effect at the discretion of the company's Board of Directors, a reverse stock split of the common stock at a stock split ratio of up to 1:250 with the ultimate ratio to be determined by the company's Board of Directors in its sole discretion, and which may be implemented on one or more occasions when and as needed to allow the company to maintain compliance with Nasdaq listing requirements, with the exact stock split ratio or ratios to be determined at the discretion of company's Board of Directors. Proposal 3 is to approve a Third Amended and Restated 2020 Equity Incentive Plan to, one, adjust the total number of companies share reserved for issuance under the plan to 50 million shares. And two, adopt an evergreen provision providing for a 5% automatic annual increase in the share of common stock available for issuance under the plan over a period of 10 years. Proposal 4 is to approve any adjournment of this special meeting as necessary in the event there are not a sufficient vote at the time of a special meeting to approve this proposal or to establish a quorum. Proposal 5 is to transact any other business as may properly be presented at a special meeting or any adjournment thereof. My name is Alice Wu, and I am a stockholder. I hereby make a motion that each of proposals 1, 2, and 3 be approved. As we do not need to delay the meeting and have no other business that has been properly presented for vote at the special meeting at this time, we do not need to address Proposal 4 and 5 at this time. My name is Bennet Tchaikovsky. I am a stockholder, and I second the motion. If any stockholder would like to make a comment regarding any of the proposals, please submit your comments through the web portal. There being no comments from stockholders in attendance, it is now 10:08 A.M. Eastern time on September 21, 2026, and the polls are now open. Any stockholder who hasn't voted or wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions there. Stockholders who have sent in proxies or voted by telephone or internet and do not want to change their vote do not need to take any further action. Now that everyone has had an opportunity to vote, I now declare the polls for the special meeting of stockholders closed. As Inspector of Elections, I hereby report that the preliminary vote report shows that each of the stock offering proposal, the reverse stock split proposal, and the equity incentive plan proposal has been approved. We will be reporting the final vote results in a current report on Form 8-K to be filed within four business days of today's meeting. With that, I turn the meeting over to Lawrence Tan, our CEO. Thank you, Alice. There being no further questions, we thank you for your attendance at iPower's special meeting and declare the meeting closed. Thank you. Thank you. This concludes today's presentation. You may now disconnect your lines and have a wonderful day. Thank you.
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