Ideal Power Inc. (NASDAQ: IPWR) announced it has entered into agreements with institutional investors for a registered direct offering of 5,291,005 shares of common stock priced at market under Nasdaq rules. The offering is expected to generate gross proceeds of approximately $30 million before deducting offering expenses.

The closing is expected to occur on or about May 18, 2026, subject to customary closing conditions. The company plans to use net proceeds to advance commercialization of its B-TRAN bidirectional semiconductor power switch technology, including customer design-ins, custom development programs, initial production ramp with strategic partners, and general corporate and working capital purposes.

"This financing strengthens our balance sheet at a pivotal moment for Ideal Power," said David Somo, President and Chief Executive Officer. "With the accelerating demand for data centers and power, hyperscalers have focused on more efficient power architectures."

Titan Partners, a division of American Capital Partners, is acting as the sole placement agent for the financing. The offering is being conducted under an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on December 30, 2025, and declared effective on January 9, 2026.

Ideal Power develops the B-TRAN bidirectional semiconductor power switch, which the company describes as offering advantages over conventional technologies for solid-state circuit protection and power delivery systems. The technology is designed for applications including solid-state circuit breakers, static transfer switches, battery disconnect units and electric vehicle contactors used in data centers, industrial power systems, energy grid and storage systems, and electric vehicle charging infrastructure.