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BRIEF-Ideal Power Announces $3.5 Million Private Placement

Reuters logo Reuters 11/8/2019

Nov 8 (Reuters) - Ideal Power Inc:

* 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: Further company coverage:

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