Ideal Power (IPWR) Prices 1.1765M Share Common Offering at $17/Sh
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Ideal Power Announces Pricing of Public Offering of Common Stock
February 8, 2021 9:07 PM ESTAUSTIN, Texas, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR) (the Company or Ideal Power), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN bi-directional power switches, today announced the pricing of an underwritten public offering of 1,176,500 shares of its common stock at a public offering price of $17.00 per share, before underwriting discounts and commissions, for an aggregate offering of approximately $20 million. In addition, the Company has granted the underwriter a 30-day option to purchase up to an additional 176,475 shares of its common stock, less underwriting discounts and... More
