SEC Form SC 13G/A filed

2/12/21 12:47:47 PM ET

Semiconductors

Technology

Get the next $IPWR alert in real time by email

SC 13G/A 1 idealpower13gat.txt IPWR 13G/A THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 11)* Ideal Power, Inc. (Name of Issuer) Common Stock, Par Value $.001 (Title of Class of Securities) 451622203 (CUSIP Number) December 31, 2020 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person?s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be ?filed? for the purpose of Section 18 of the Securities Exchange Act of 1934 (?Act?) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 451622203 (1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (entities only): AWM Investment Company, Inc. (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a)___ b)___ (3) SEC Use Only (4) Citizenship or Place of Organization: Delaware, United States Number of Shares Beneficially Owned by Each Reporting Person With (5) Sole Voting Power: 284,793 (Common Shares) 297,240 (9.99% of outstanding shares)** (6) Shared Voting Power: 0** (7) Sole Dispositive Power: 284,793 (Common Shares) 297,240 (9.99% of outstanding shares)** (8) Shared Dispositive Power: 0** (9) Aggregate Amount Beneficially Owned by Each Reporting Person: 284,793 (Common Shares) 297,240 (9.99% of outstanding shares) (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): (11) Percent of Class Represented by Amount in Row (9): 9.99** (12) Type of Reporting Person (See Instructions): IA **AWM Investment Company, Inc., a Delaware corporation (?AWM?), is the investment adviser to Special Situations Cayman Fund, L.P. (?CAYMAN?), Special Situations Fund III QP, L.P. (?SSFQP?), Special Situations Technology Fund, L.P. (?TECH?) and Special Situations Technology Fund II, L.P. (?TECH II?). (CAYMAN, SSFQP, TECH and TECH II will hereafter be referred to as the ?Funds?). As the investment adviser to the Funds, AWM holds sole voting and investment power over 54,088 shares of Common Stock of the Issuer (the ?Shares?), 70,060 Warrants*** and 37,161 Pre-funded Warrants*** to purchase Shares held by CAYMAN, 134,331 Shares, 240,984 Warrants*** and 127,823 Pre-funded Warrants*** to purchase Shares held by SSFQP, 14,327 Shares, 24,958 Warrants*** and 13,238 Pre-funded Warrants*** to purchase Shares held by TECH and 82,047 Shares, 142,544 Warrants*** and 75,608 Pre-funded Warrants*** to purchase Shares held by TECH II. Austin W. Marxe (?Marxe?), David M. Greenhouse (?Greenhouse?) and Adam C. Stettner (?Stettner?) previously reported the Shares held by the Funds on Schedule 13G. Accordingly, reference should be made to Marxe, Greenhouse and Stettner (CIK #0001044321) for filings prior to February 14, 2015 with the Securities and Exchange Commission relating to the Shares held by each of the Funds. See Items 2 and 4 of this Schedule for additional information. *** Warrants described herein may only be converted or exercised into Common Shares to the extent that the total number of Common Shares then beneficially owned does not exceed 9.99% of the outstanding shares. Item 1(a). Name Of Issuer: Ideal Power, Inc. Item 1(b). Address of Issuer?s Principal Executive Offices: 5004 Bee Creek Road ? Suite 600 Spicewood, Texas 78669 Item 2(a). Name of Person Filing: The person filing this report is AWM Investment Company, Inc., a Delaware corporation (?AWM?), which is the investment adviser to Special Situations Cayman Fund, L.P., a Cayman Islands Limited Partnership (?CAYMAN?), Special Situations Fund III QP, L.P., a Delaware limited partnership (?SSFQP?), Special Situations Technology Fund, L.P., a Delaware limited partnership (?TECH?) and Special Situations Technology Fund II, L.P., a Delaware limited partnership (?TECH II?), (CAYMAN, SSFQP, TECH and TECH II, will hereafter be referred to as the ?Funds?). The principal business of each Fund is to invest in equity and equity-related securities and other securities of any kind or nature. Austin W. Marxe (?Marxe?), David M. Greenhouse (?Greenhouse?) and Adam C. Stettner (?Stettner?) are members of, SSCayman, L.L.C., a Delaware limited liability company (?SSCAY?), the general partner of CAYMAN. Greenhouse and Stettner are members of MGP Advisers Limited Partnership, a Delaware limited partnership (?MGP?), the general partner of SSFQP and SST Advisers, L.L.C., a Delaware limited liability company (?SSTA?), the general partner of TECH and TECH II. Marxe, Greenhouse and Stettner are also controlling principals of AWM. Item 2(b). Address of Principal Business Office or, if None, Residence: The principal business address for AWM is c/o Special Situations Funds, 527 Madison Avenue, Suite 2600, New York, NY 10022. Item 2(c). Citizenship: AWM is a Delaware Corporation. Item 2(d). Title of Class of Securities: Common Stock, Par Value $.001 Item 2(e). CUSIP No.: 451622203 Item 3. If This Statement Is Filed Pursuant to ??240.13d-1(b) or 240.13d-2(b) or (c), check whether the Person Filing is a: Not Applicable. Item 4. Ownership (a) Amount Beneficially Owned: 284,793 (Common Shares) 297,240 (9.99% of outstanding shares) (b) Percent of Class: 9.99%** (c) Number of Shares as to which the person has: (i) sole power to vote or to direct the vote: 284,793 (Common Shares) 297,240 (9.99% of outstanding shares) (ii) shared power to vote or to direct the vote: 0** (iii) sole power to dispose or to direct the disposition of: 284,793 (Common Shares) 297,240 (9.99% of outstanding shares) (iv) shared power to dispose or to direct the disposition of: 0** ______________________________________________________________________ ** AWM is the investment adviser to each of the Funds. As the investment adviser to the Funds, AWM holds sole voting and investment power over 54,088 shares of Common Stock of the Issuer (the ?Shares?), 70,060 Warrants*** and 37,161 Pre-funded Warrants*** to purchase Shares held by CAYMAN, 134,331 Shares, 240,984 Warrants*** and 127,823 Pre-funded Warrants*** to purchase Shares held by SSFQP, 14,327 Shares, 24,958 Warrants*** and 13,238 Pre-funded Warrants*** to purchase Shares held by TECH and 82,047 Shares, 142,544 Warrants*** and 75,608 Pre-funded Warrants*** to purchase Shares held by TECH II. Marxe, Greenhouse and Stettner are members of, SSCAY, the general partner of CAYMAN. Greenhouse and Stettner are members of MGP, the general partner of SSFQP and SSTA, the general partner of TECH and TECH II. Marxe, Greenhouse and Stettner are also controlling principals of AWM. Marxe, Greenhouse and Stettner previously reported the Shares held by the Funds on Schedule 13G. Accordingly, reference should be made to Marxe, Greenhouse and Stettner (CIK #0001044321) for filings prior to February 14, 2015 with the Securities and Exchange Commission relating to the Shares held by each of the Funds. Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. ___ Item 6. Ownership of More Than Five Percent on Behalf of Another Person Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person Not Applicable. Item 8. Identification and Classification of Members of the Group Not Applicable. Item 9. Notice of Dissolution of Group Not Applicable. Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 11, 2021 AWM INVESTMENT COMPANY, INC. By: /s/ Adam Stettner Name: Adam Stettner Title: Vice President Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) -1-

Get the next $IPWR alert in real time by email

SEC Form SC 13G/A filed

Chat with this insight

Recent Analyst Ratings for
$IPWR

$IPWR
Leadership Updates

Live Leadership Updates

Ideal Power Appoints Two Independent Members to its Board of Directors

$IPWR
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

$IPWR
Financials

Live finance-specific insights

The Benchmark Company resumed coverage on Ideal Power with a new price target

Benchmark initiated coverage on Ideal Power with a new price target

The Benchmark Company initiated coverage on Ideal Power with a new price target

Ideal Power Reports First Quarter 2025 Financial Results

Ideal Power to Host First Quarter 2025 Results Conference Call on May 15, 2025 at 10:00 AM Eastern Time

Ideal Power Reports Fourth Quarter and Full Year 2024 Financial Results

$IPWR
SEC Filings

Ideal Power Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

SEC Form 10-Q filed by Ideal Power Inc.

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

$IPWR
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Lesster Laban E bought $17,640 worth of shares (3,000 units at $5.88), increasing direct ownership by 23% to 16,252 units (SEC Form 4)

President and CEO Brdar Daniel bought $26,595 worth of shares (4,500 units at $5.91), increasing direct ownership by 3% to 179,526 units (SEC Form 4)

$IPWR
Press Releases

Fastest customizable press release news feed in the world

Ideal Power Announces Distribution Agreement with Kaimei Electronic Corp.

Ideal Power Reports First Quarter 2025 Financial Results

Ideal Power to Host First Quarter 2025 Results Conference Call on May 15, 2025 at 10:00 AM Eastern Time

$IPWR
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

CFO Burns Timothy was granted 20,000 shares, increasing direct ownership by 25% to 99,992 units (SEC Form 4)

President and CEO Brdar Daniel was granted 20,000 shares, increasing direct ownership by 12% to 185,753 units (SEC Form 4)

Director Turmelle Michael C was granted 15,464 shares, increasing direct ownership by 58% to 41,968 units (SEC Form 4)

$IPWR
Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13G filed by Ideal Power Inc.