---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-009865"
form_type: "8-K"
ticker: "IPWR"
cik: "0001507957"
company_name: "Ideal Power Inc."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:04:14.858143+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001437749-24-009865
- form_type: 8-K
- ticker: IPWR
- cik: 0001507957
- company_name: Ideal Power Inc.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507957/000143774924009865/0001437749-24-009865-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507957/000143774924009865/ipwr20240328_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-009865
- JSON: https://secwatch.observer/filing/0001437749-24-009865.json
- Plain text: https://secwatch.observer/filing/0001437749-24-009865.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507957/000143774924009865/0001437749-24-009865-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.