 AUSTIN, Texas, Feb. 12, 2021 GLOBE NEWSWIRE -- Ideal Power Inc. Nasdaq: IPWR the Company or Ideal Power , pioneering the development and commercialization of highly efficient and broadly patented B-TRANTM bi-directional power switches, today announced the closing of an underwritten public offering of 1,352,975 shares of its common stock, which included 176,475 shares that were issued pursuant to the full exercise of the underwriters option to purchase additional shares, at a public offering price of 17.00 per share, before underwriting discounts and commissions, for an aggregate offering of approximately 23 million. The proceeds to the Company from this offering are expected to be approximately 21.1 million after deducting underwriting discounts and commissions and other estimated offering expenses. 