Brief: Ideal Power Announces $3.5 Million Private Placement

Ideal Power

08/11/2019 13:48

Nov 8 (Reuters) - Ideal Power Inc  IPWR.O :
    * IDEAL POWER ANNOUNCES $3.5 MILLION PRIVATE PLACEMENT
    * IDEAL POWER INC - IN OFFERING, CO HAS AGREED TO SELL ABOUT
1.4
MILLION SHARES OF COMMON STOCK AT A PRICE OF $2.4763 PER SHARE
    * IDEAL POWER INC - WILL ALSO ISSUE TO INVESTORS WARRANTS TO
PURCHASE UP TO ABOUT 1.8 MILLION SHARES OF COMMON STOCK AT
EXERCISE PRICE OF $2.32 PER SHARE

Source text for Eikon:  ID:nGNX53NCCh 
Further company coverage:  IPWR.O 

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