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Ideal Power Inc. Announces Closing of Underwritten Public Offering of Common Stock

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AUSTIN, TX–(Marketwired – May 20, 2015) – Ideal Power Inc. (NASDAQ: IPWR), a developer of innovative power conversion technologies, today announced the closing of a $17.25 million underwritten public offering of 2,225,825 shares of its common stock, including 290,325 shares issued upon the exercise in full of the underwriters’ overallotment option, at a public offering price of $7.75 per share. After the underwriting discount and estimated offering expenses payable by it, Ideal Power expects to receive net proceeds of approximately $15.9 million. Ideal Power currently expects to use the net proceeds from the offering for working …read more

Read more here:: http://www.marketwired.com/mw/release.do?id=2021898&sourceType=3

      

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