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PRNewsWire
4 days ago
Ideal Power Announces Closing of $14 Million Financing of Common Stock
The financing was led by the company's largest existing institutional shareholders, with participation from Ideal Power insiders, including its CEO AUSTIN, Texas, Feb. 25, 2026 /PRNewswire/ -- Ideal Power Inc. (Nasdaq:IPWR) ("Ideal Power," the "Company," "we," or "our"), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN® bidirectional semiconductor power switch, today announced it has closed its previously announced underwritten public offering of 4,458,736 shares of common stock (or pre-funded warrants in lieu thereof) and the concurrent private placement of pre-funded warrants to purchase up to 631,332 shares of common stock. Total gross proceeds from the financings are approximately $14.0 million, before deducting underwriting discounts, commissions, and other offering expenses payable by the Company.