Ideal Power shares rise as it closes $14M financing

Ideal Power shares rise as it closes $14M financing Proactive uses images sourced from Shutterstock Ideal Power Inc (NASDAQ:IPWR, FRA:5ILA) announced that it has closed its previously announced underwritten public offering and concurrent private placement, raising about $14 million in gross proceeds to support its commercialization efforts. The Austin, Texas-based company issued about 4.5 million shares of common stock, or pre-funded warrants in lieu thereof, in the public offering. It also completed a pr ...