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Ideal Power Announces Completion of Public Offering of Common Stock and Full Exercise of Underwriter's Option to Purchase Additional Shares – Padovanews

Ideal Power Announces Completion of Public Offering of Common Stock and Full Exercise of Underwriter's Option to Purchase Additional Shares – Padovanews
padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.

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Ideal Power Announces Pricing of Public Offering of Common Stock

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Ideal Power Announces Pricing of Public Offering of Common Stock
Ideal Power Inc.February 9, 2021 GMT
AUSTIN, 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 commissions. The proceeds to the Company from this offering are expected to be approximately $18.35 million af ....

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