Ipower, Inc. after-hours up 1.69% following share purchase agreement with institutional investor for $2.25M offering at $3.25 per share.

Ipower, Inc. experienced a 1.69% increase in after-hours trading. This surge was driven by Datasea's announcement of a $2.25 million registered direct offering, where the company sold 692,308 shares at a $3.25 per share price to an institutional investor. The deal, expected to close soon, indicates investor interest in Datasea's high-tech intelligent acoustics and 5G-AI multimodal communication technology businesses, potentially boosting the company's prospects.