Ideal Power Inc. shares rise 4.42% intraday after Motiv Power Systems, Inc. agreed to acquire Workhorse Group Inc.

Ideal Power Inc. rose 4.42% intraday, with the company's stock price movement potentially influenced by the acquisition of Workhorse Group Inc. by Motiv Power Systems, Inc. in a reverse merger transaction. The transaction is subject to approval by shareholders of both companies and other conditions, which could impact the stock price positively if approved.