Ideal Power reports $30M registered direct offering of stock

Ideal Power Inc. (NASDAQ: IPWR) has announced a public offering of its common stock, with gross proceeds expected to reach approximately $14 million from the sale of 4,458,736 shares, along with a concurrent private placement of pre-funded warrants to raise an additional $1.7 million, totaling $14.0 million before underwriting discounts and expenses according to the announcement. The offering is being led by Titan Partners, a division of American Capital Partners, which is acting as the sole bookrunner as reported. The company has also granted the underwriter a 30-day option to purchase additional shares of up to 15% of the initial offering to cover over-allotments, if any according to the announcement.

The proceeds from the offering will be used to advance the commercialization of Ideal Power’s B-TRAN® bidirectional semiconductor power switch, including customer design-ins, custom development programs, and production ramping with strategic partners, as well as for general corporate and working capital purposes according to the announcement. The offering is being conducted under a previously filed and effective shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission (SEC) as stated.

The company’s largest institutional shareholders and insiders, including its CEO, have participated in the financing according to the announcement. The offering is subject to customary closing conditions and is expected to close on February 25, 2026 as reported. Investors are encouraged to review the prospectus supplement and related documents available on the SEC’s website for further details according to the announcement.