Ideal Power closes $15M public offering of 2M shares/pre-funded warrants at $7.50

Ideal Power Inc.

Net proceeds ~$13.6M after underwriting discounts and commissions; offering closed March 28, 2024.
Underwriter granted 30-day option to purchase up to 300,000 additional shares of common stock.
Proceeds to be used for general corporate and working capital purposes.
Offering included 1,366,668 common shares and 633,332 pre-funded warrants (exercise price $0.001).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ideal Power Inc. entered into Underwriting Agreement with Titan Partners Group LLC, a division of American Capital Partners valued at approximately $13.6 million (effective 2024-03-25).

Action: entry
Agreement: underwriting
Counterparty: Titan Partners Group LLC, a division of American Capital Partners
Value: approximately $13.6 million
Effective: 2024-03-25

Exact text from the filing

On March 25, 2024, Ideal Power Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Titan Partners Group LLC, a division of American Capital Partners, as representative of the underwriters named therein (the “Underwriter”), relating to the underwritten public offering of 1,366,668 shares of the Company’s common stock

View on SEC.gov

291 material agreements filed in the last 30 days. Browse all material agreements →

Ideal Power Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-009865

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.