Ideal Power Prices Public Offering of 4.46M Shares for $12.3M
Ideal Power announced the pricing of its underwritten public offering of 4,458,736 shares of common stock for gross proceeds of approximately $12.3M. Concurrent with the Public Offering, the Company also priced a private placement of pre-funded warrants to purchase up to 631,332 shares of common stock for gross proceeds of approximately $1.7M. Total gross proceeds from the financings are expected to be an aggregate of approximately $14M, before deducting underwriting discounts, commissions, and other offering expenses payable by the company. The financings are expected to close on February 25, 2026, subject to customary closing conditions. The Public Offering includes participation from existing institutional shareholders and company insiders, including its CEO.The company intends to use the net proceeds from these financings to advance commercialization of B-TRAN(R), including customer design-ins, custom development programs, and initial production ramp with strategic partners, and for general corporate and working capital purposes. Titan Partners, a division of American Capital Partners, is acting as the sole bookrunner for the financing.
