Ideal Power (NASDAQ:IPWR) reported an insider purchase by its president and chief executive officer, David M. Somo, who acquired 90,909 shares of common stock on February 25, 2026, according to a Form 4 filing with the Securities and Exchange Commission.
The shares were bought at $2.75 apiece, for a total outlay of about $250,000. Following the transaction, Somo directly holds 338,347 shares of Ideal Power.
The purchase occurred after the company's stock had fallen 34% over the prior six months. Since Somo's acquisition, the share price has risen to $3.23, representing roughly a 17% increase from the $2.75 price he paid.
Market research from InvestingPro, cited in company-related disclosures, lists a $10.75 price target for Ideal Power, describing what it characterizes as significant upside potential. The same source also notes that Ideal Power's balance sheet contains more cash than debt.
Financing activity
Ideal Power recently completed an underwritten public offering alongside a concurrent private placement, together raising approximately $14 million in gross proceeds. In the public offering, the company sold 4,458,736 shares of common stock or pre-funded warrants. In the private placement, pre-funded warrants representing an additional 631,332 shares were sold.
The financing round was led by existing institutional shareholders and included participation from company insiders, including the chief executive officer. The public portion generated about $12.3 million in gross proceeds, while the private placement accounted for roughly $1.7 million. The financings are expected to close on February 25, 2026, subject to customary closing conditions.
Titan Partners, a division of American Capital Partners, acted as the sole bookrunner for the offering.
What the filings show
- Insider purchase: 90,909 shares bought at $2.75 on February 25, 2026.
- Post-transaction holdings: Somo directly owns 338,347 shares.
- Financing: Combined public offering and private placement raised approximately $14 million in gross proceeds; expected to close on February 25, 2026, pending customary conditions.
The filings and third-party analysis provide discrete data points on the company's recent insider activity, share-price movement, analyst projections, and capital-raising efforts. The records also specify the role of Titan Partners as sole bookrunner in the public offering and identify the participation of existing institutional investors and insiders in the financing.