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    Ideal Power Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

    11/14/24 9:24:10 AM ET
    $IPWR
    Semiconductors
    Technology
    Get the next $IPWR alert in real time by email
    ipwr20241113_8k.htm
    false 0001507957 0001507957 2024-11-14 2024-11-14
     
     
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549
     

     
    FORM 8-K
     
    CURRENT REPORT
    Pursuant to Section 13 or 15(d) of the
    Securities Exchange Act of 1934
     
    Date of report (Date of earliest event reported): November 14, 2024
     

     
    IDEAL POWER INC.
    (Exact name of registrant as specified in Charter)
     
    Delaware
     
    001-36216
     
    14-1999058
    (State or other jurisdiction of
    incorporation or organization)
     
    (Commission File No.)
     
    (IRS Employee Identification No.)
     
     
    5508 Highway 290 West, Suite 120
    Austin, Texas, 78735
    (Address of Principal Executive Offices)
     
    512-264-1542
    (Issuer Telephone number)
     
    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2 below).
     
     
    ☐
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
    ☐
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR240.14a-12)
     
    ☐
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).
     
    ☐
    Pre-commencement communications pursuant to Rule 13e-(c) under the Exchange Act (17 CFR 240.13(e)-4(c))
     
    Securities registered pursuant to Section 12(b) of the Act:
     
    Title of each class
     
    Trading Symbol
     
    Name of each exchange on which registered
    Common Stock
     
    IPWR
     
    Nasdaq Capital Market
     
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
     
    Emerging growth company ☐
     
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
     
     

     
     
    ITEM 2.02
    RESULTS OF OPERATIONS AND FINANCIAL CONDITION
     
    On November 14, 2024, Ideal Power Inc. (the “Company”) issued a press release announcing its financial results for the three months ended September 30, 2024. The press release is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference in its entirety into this Item 2.02. The press release contains forward-looking statements regarding the Company and includes cautionary statements identifying important factors that could cause actual results to differ materially from those anticipated.
     
    The Company will host a conference call with investors to discuss the results. The conference call will begin at 10:00 a.m. Eastern time on Thursday, November 14, 2024. The call may be accessed in the U.S. by dialing 1-888-506-0062 and asking to be joined to the Ideal Power Inc. call. A webcast and replay of the call may be found at https://www.webcaster4.com/Webcast/Page/2987/51554.
     
    The information furnished under this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), as amended, or otherwise subject to the liabilities of that Section. The information in this Item 2.02, including Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing.
     
    ITEM 9.01
    FINANCIAL STATEMENTS AND EXHIBITS
     
    (d)  Exhibits.
     
    Exhibit
    No.
     
    Description
    99.1
     
    Press Release, dated November 14, 2024.
    104
     
    Cover Page Interactive Data File (embedded within the Inline XBRL document).
     
     

     
     
    SIGNATURES
     
    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
     
    Dated: November 14, 2024
    IDEAL POWER INC.
     
           
           
     
    By:  
    /s/ Timothy Burns
     
       
    Timothy Burns
     
       
    Chief Financial Officer
     
     
     
     
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