Ispire Technology shares surge 21.61% intraday as FDA draft guidance unlocks $50B market and joint venture submits PMTA for underage-proof age verification tech.

Ispire Technology surged 21.61% intraday, driven by the U.S. FDA’s March 2026 draft regulatory framework for flavored e-cigarettes, which recognizes device-level age verification technology and unlocks a $50 billion market. The company’s 40%-owned joint venture, IKE Tech, submitted its first PMTA application in April 2025 for an age-verification component using Bluetooth, biometrics, and blockchain, ensuring 100% prevention of underage use. Ispire Technology, a developer of e-cigarette and vapor product hardware, operates in the U.S., Canada, and South Africa, with expanding markets in Europe and South America.