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Stock impact report

Ideal Power Inc. Announces Pricing of $15.0 Million Public Offering [Yahoo! Finance]

Ideal Power Inc. (IPWR) 
Last ideal power inc. earnings: 5/1 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.idealpower.com
Company Research Source: Yahoo! Finance
development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced that it has priced its previously announced underwritten public offering of 2,000,000 shares of its common stock (or pre-funded warrants in lieu thereof) at an offering price of $7.50 per share of common stock. Ideal Power has granted the underwriter a 30-day option to purchase up to 300,000 additional shares of its common stock on the same terms and conditions. The Company expects to close the offering on March 28, 2024, subject to customary conditions. Titan Partners Group, a division of American Capital Partners, is acting as sole book-running manager for the offering. The gross proceeds to the Company from the offering are expected to be approximately $15 million, before deducting underwriting discounts, commissions and other estimated offering expenses payable by the Company. The Company intends to use the net proceeds from this offe Show less Read more
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