IPower Inc. (Nasdaq: IPW) announced its Board of Directors has authorized a $2 million share repurchase program, the first in the company’s history, with unanimous support from creditors. This program signifies confidence in iPower’s financial health, strategic direction, and improved balance sheet. The company expects to implement the program soon, subject to market conditions, and views it as a way to enhance capital allocation flexibility while supporting operational priorities.
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IPower Authorizes $2 Million Share Repurchase Program, First in Company History
IPower Inc. (Nasdaq: IPW) announced its Board of Directors has authorized a $2 million share repurchase program, the first in the company’s history, with unanimous support from creditors. This program signifies confidence in iPower’s financial health, strategic direction, and improved balance sheet. The company expects to implement the program soon, subject to market conditions, and views it as a way to enhance capital allocation flexibility while supporting operational priorities.