AUSTIN, Texas - Ideal Power Inc. (NASDAQ:IPWR) announced Wednesday it has entered into definitive agreements with institutional investors to sell 5,291,005 shares of common stock or equivalents in a registered direct offering priced at market under Nasdaq rules.
The transaction is expected to generate gross proceeds of approximately $30 million. The closing is expected on or about May 18, 2026. IPWR shares trade at $7.38, near their 52-week high of $7.55, following a 138% year-to-date surge.
The company intends to use net proceeds to advance commercialization of its B-TRAN bidirectional semiconductor power switch, including customer design-ins, custom development programs, and initial production ramp.
Titan Partners is serving as the sole placement agent. The offering is conducted under an effective shelf registration statement filed with the SEC.
Ideal Power develops B-TRAN technology for applications in data centers, industrial power systems, energy grid and storage, and electric vehicles.
Recently, the company reported a net loss of $3.6 million for Q1 2026 with no revenue. Despite this, the stock surged in pre-market trading.
