Ideal Power raises $30M in registered direct offering of common stock and pre-funded warrants

Ideal Power Inc.

• Gross proceeds ~$30M from sale of 5.29M shares (common stock or equivalents) to institutional investors.
• Offering closed May 18, 2026; proceeds to advance B-TRAN commercialization and customer design-ins.
• Directors, officers subject to 45-day lock-up; company restricted from issuing stock for 45 days.
• Titan Partners acted as sole placement agent; 7% cash fee plus $75k expenses.
• Use includes initial production ramp with strategic partners and working capital.