IPWR · Ideal Power Inc.

Summary

Ideal Power Inc. (IPWR) is a Delaware corporation headquartered in Austin, Texas, focused on the development and commercialization of its Bidirectional bipolar junction TRANsistor (B-TRAN®) solid-state switch technology. The company has launched its first two commercial products: the discrete B-TRAN® and the SymCool® Power Module, targeting the solid-state circuit protection and electric vehicle contactor markets. It has secured a product development agreement with Stellantis for EV applications and announced its first design win for solid-state circuit breakers with a major Asian circuit protection equipment manufacturer. The company is filing an S-1 registration statement to facilitate the resale of up to 631,332 shares of its common stock by the selling securityholder, Lytton-Kambara Foundation, which holds pre-funded warrants. Ideal Power will not receive any proceeds from these sales. The offering is being conducted to provide liquidity for the selling securityholder and to register shares for public resale, as the company continues its commercialization efforts and seeks to build its patent portfolio, which includes 52 U.S. and 48 foreign issued patents as of February 28, 2026.

Key takeaways

• Ideal Power is commercializing its B-TRAN® solid-state switch technology, with two launched products targeting circuit protection and EV contactor markets.
• The company has a development agreement with automaker Stellantis and its first design win is with a major Asian circuit protection manufacturer for solid-state circuit breakers.
• This S-1 registration facilitates the resale of up to 631,332 shares of common stock by the selling securityholder, Lytton-Kambara Foundation, which holds pre-funded warrants.
• Ideal Power will receive $0 in proceeds from the sale of these shares; all proceeds go to the selling securityholder.
• As of March 25, 2026, the company had 12,089,389 shares of common stock outstanding and 2,238,040 pre-funded warrants with a $0.001 exercise price.
• Key risks include potential dilution from the exercise of warrants and options, stock price volatility, and the company's history of losses with no dividend payments planned.
• The company's common stock is listed on the Nasdaq Capital Market under the symbol 'IPWR' and the transfer agent is EQ Shareowner Services.