iPower Inc IPW:NASDAQ

Last Price$1.18NASDAQ Previous Close - Last Trade as of 4:00PM ET 5/18/22

Today's Change-0.04(3.28%)
Bid (Size)$1.12 (2)
Ask (Size)$1.20 (30)
Day Low / High$1.15 - 1.26
Volume49.3 K

iPower Joins E-Commerce Logistics Joint Venture

9:37AM ET 1/20/2022 MT Newswires
iPower (IPW) said Thursday it has joined with certain individuals and Titanium Plus AutoParts, a seller of collision auto parts on Amazon and eBay, to establish an e-commerce logistics company.

The online hydroponic equipment retailer said it will contribute $50,000 for a 40% stake in Box Harmony, which became effective last Friday, with an option to buy up to an additional 20% stake.

iPower said Box Harmony provides it with a low-cost option to grow into e-commerce value chain services.

Shares of iPower were 8.4% higher in early trading.