Ideal Power (IPWR) Registration filing summary

Company overview and business model

• Focused on developing and commercializing B-TRAN® solid-state switch technology for power electronics applications, including EVs and circuit protection.

• Launched two commercial products: discrete B-TRAN® and SymCool® Power Module, targeting low conduction loss needs in solid-state circuit protection and EV contactor markets.

• Engaged in product development agreements with major automakers and power management companies, including Stellantis, and secured a first design win with a leading Asian circuit protection manufacturer.

• Holds a significant patent portfolio with 52 U.S. and 48 foreign issued patents, plus 82 pending applications as of February 2026.

Financial performance and metrics

• Raised approximately $12.3 million in a public offering and $1.7 million in a concurrent private placement in February 2026.

• As of March 25, 2026, had 12,089,389 shares of common stock outstanding and 2,238,040 pre-funded warrants at $0.001 exercise price.

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of shares by the selling securityholder; proceeds from recent offerings were used for general corporate purposes.