Ispire Technology shares surge 11.11% intraday as FDA draft mandates device-level age verification, enabling IKE Tech's blockchain system for compliance.

Ispire Technology surged 11.11% intraday as the FDA proposed age verification requirements for e-cigarette flavor products, creating regulatory access for its joint venture IKE Tech's blockchain system. The policy is expected to bring 70% of the illegal market into compliance, unlocking a $500 billion market and enabling IKE Tech's age verification technology to generate $5M to $20M annually per client, significantly boosting Ispire's valuation.