Ideal Power Inc. (NASDAQ: IPWR) completed a registered direct offering of common stock that raised approximately $30 million in gross proceeds, the company announced. The Austin, Texas-based semiconductor developer sold 5,291,005 shares to institutional investors at market price under Nasdaq rules.

The company plans to use the net proceeds to advance commercialization of its B-TRAN bidirectional semiconductor power switch technology. Specific uses include customer design-ins, custom development programs, initial production ramp with strategic partners, and general corporate and working capital purposes.

Titan Partners, a division of American Capital Partners, served as the sole placement agent for the offering.

The offering was conducted under a shelf registration statement on Form S-3 that was filed with the Securities and Exchange Commission on December 30, 2025, and became effective on January 9, 2026. The shares were offered through a prospectus supplement and accompanying prospectus filed with the SEC.

Ideal Power develops the B-TRAN bidirectional semiconductor power switch, which the company describes as featuring low conduction losses and bidirectional capability. The technology targets 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.