IPWiPower Inc. · NASDAQ · $1.04 · $1.56M mkt cap
Assessed Oct 5, 2026 · Reassessment
Is the float you're seeing correct?
1.25M
Actual float

10-K cover count (10/2/2026) minus split-adjusted officer and director holdings.

Confirmed · within 1%
1.25M
Reported float

Data-service feed, fetched today. The number TradingView and most screeners show.

Your screener's float is right for IPW. Trade off 1.25M shares. What it does not show you is what is about to be added to it.

Dilution risk9/10EXTREME
CONFIDENCE: HIGH

The float your screener shows is right, at 1.25M. 6 floorless convertible notes and 3 reverse splits can add another 403% of the float.

  • Variable-rate convertible (death spiral). $5.82M of outstanding ATW Series A notes convert at 95% of the lowest 7-day VWAP because every fixed price is above the $1.22 market.

  • Recently registered resale shares. S-1 333-297399, effective 2026-09-18, registers 9,636,864 shares for ATW (7.6x outstanding) at a $0.374 floor.

  • Rapid share count growth. Split-adjusted outstanding went from ~14.6K (Nov 2025) to 1,262,584 (Oct 2026), about +8,559%.

From today's float to the ceiling

shares
1.25M
Actual float
tradeable today
+5.03M can sell now
6.27M
Effective supply
float plus what sells on notice
+4.03M if floors are cut and warrants exercise
10.31M
Fully diluted
ceiling

Ceiling computed from the itemised overhang.

Where the shares come from

each subtotal is a rung on the ladder above

Tradeable today
1.25M
Can sell now
Registered resale shares, issuable on notice
Already effective; the holder can sell without a further filing.
+5.03M
Warrants in the money
None of the outstanding warrants are exercisable at this price.
+0
Effective supply
6.27M
Converts only if floors are cut · floors $2.39 to $5.11 against a $1.04 tape
Convertible notes, beyond the registered shares
At the stated conversion prices; a cut to those prices raises the count.
+4.03M
Notes with no conversion price set
Sized in dollars until a price or floor is set; not counted in the ceiling. Includes unfunded commitments, which are capacity rather than outstanding debt.
$16.72M
Above the current price
Warrants out of the money
Struck above the current tape; supply only if the stock rises.
+961
Options and RSUs
Employee equity; vests and settles over time.
+3.6K
Fully diluted
10.31M

Not counted anywhere: ATM and shelf capacity. Convertible share counts use stated conversion prices.

Engine fully-diluted count (6.29M) is below the itemised overhang; ceiling computed from the rows.

See the full breakdown

Red flags, financing counterparties, the deal timeline, and every SEC filing — free with an account.

Sign in to continue

The facts

Price
$1.04
Market cap
$1.56M
Shares outstanding
1.26M
Reported float
1.25M
Avg volume
977.0K
Reverse splits
3 · latest 1-for-9 · Aug 7, 2026
Going concern
No
Quarterly burn
—

Market data as of Oct 8, 2026

Key dates

  • Oct 2, 2026 · 1,262,584 shares outstanding (10-K cover); conversions continuing
IPW Float & Dilution Analysis | ShareStructure.io