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Updated: 15-May-26 06:01 ET

IPWR: Ideal Power enters $30 mln registered direct offering (7.38)

Ideal Power entered into definitive agreements with institutional investors for the sale of approximately 5.29 mln shares of common stock, or equivalents, in a registered direct offering. The shares were priced at the market under Nasdaq rules.
Gross proceeds are expected to total approximately $30 mln before expenses. The offering is expected to close on or about May 18, 2026, subject to customary conditions.