Ideal Power Inc. ownership update: AIGH Capital Management LLC, AIGH Investment Partners LLC and Orin Hirschman report beneficial ownership of 1,181,696 shares of Common Stock, representing 9.8% of the class. The filing states 133,333 shares issuable upon warrants are excluded due to a beneficial ownership limitation on exercise.
Positive
None.
Negative
None.
Insights
Stake disclosure shows a near-10% position with warrant exercise constrained.
The filing reports 1,181,696 shares (9.8%) beneficially owned by related AIGH entities and Orin Hirschman. It explicitly excludes 133,333 warrant shares that are not exercisable because of a beneficial ownership limitation.
Cash‑flow treatment and plans for disposition are not disclosed; subsequent filings would state any changes in ownership or lift of exercise limits.
Key Figures
Beneficially owned shares:1,181,696 sharesPercent of class:9.8%Warrants excluded:133,333 shares+1 more
4 metrics
Beneficially owned shares1,181,696 sharesAmount beneficially owned reported in Item 4(a)
Percent of class9.8%Percent of class reported in Item 4(b)
Warrants excluded133,333 sharesExcluded common shares issuable upon exercise of warrants due to beneficial ownership limitation
CUSIP451622203CUSIP number listed on cover page
Key Terms
Schedule 13G/A, beneficial ownership limitation, dispositive power
3 terms
Schedule 13G/Aregulatory
"This is being jointly filed by each of the following persons pursuant to Rule 13d-1"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
beneficial ownership limitationfinancial
"not currently exercisable due to beneficial ownership limitations on exercise"
A beneficial ownership limitation is a rule that caps the percentage of a company’s shares an investor can be treated as owning or controlling for voting, regulatory or tax purposes. It matters to investors because it can restrict how many shares a person or group can buy or vote, affect takeover chances, and influence share liquidity and value — like a speed limit that prevents any single driver from taking over the whole road.
dispositive powerfinancial
"Sole power to dispose or to direct the disposition of: 1,181,696"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
What stake does AIGH / Orin Hirschman report in Ideal Power (IPWR)?
AIGH and Orin Hirschman report beneficial ownership of 1,181,696 shares (9.8%). The Schedule 13G/A shows these shares as sole voting and dispositive power. The filing is an ownership disclosure under Rule 13d-1.
Are any additional shares excluded from the reported IPWR ownership?
Yes — 133,333 common shares issuable upon exercise of warrants are excluded. The filing states these warrants are not currently exercisable due to a beneficial ownership limitation on exercise.
Who filed the Schedule 13G/A for IPWR and what entities are involved?
The filing is jointly made by AIGH Capital Management LLC, AIGH Investment Partners LLC, and Orin Hirschman. The principal business address is listed as 6006 Berkeley Avenue, Baltimore, MD.
What voting and dispositive powers are reported for the shares?
The reporting persons state sole voting power of 1,181,696 shares and sole dispositive power of 1,181,696 shares. Shared voting and dispositive powers are reported as zero in the filing.
Does the filing disclose plans to sell or acquire more IPWR shares?
No specific plans to buy or sell are disclosed in this Schedule 13G/A. The document provides current beneficial ownership and notes warrant exercise limits; future transactions would appear in subsequent filings.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)
Ideal Power Inc.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
451622203
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
451622203
1
Names of Reporting Persons
Orin Hirschman
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
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,181,696.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,181,696.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,181,696.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.8 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
CUSIP Number(s):
451622203
1
Names of Reporting Persons
AIGH Capital Management LLC
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
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,181,696.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,181,696.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,181,696.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.8 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Ideal Power Inc.
(b)
Address of issuer's principal executive offices:
5508 Highway 290 West, Suite 120, Austin, TX, 78735
Item 2.
(a)
Name of person filing:
This Schedule 13G is being jointly filed by each of the following persons pursuant to Rule 13d-1 promulgated by the Securities and Exchange Commission pursuant to Section 13 of the Securities Exchange Act of 1934, as amended (the "Act"):
(i) AIGH Capital Management, LLC, a Maryland limited liability company ("AIGH CM"), as an Advisor or Sub-Advisor with respect to shares of Common Stock (as defined in Item 2(d) below) held by AIGH Investment Partners, L.P., and WVP Emerging Manger Onshore Fund, LLC - AIGH Series.
(ii) AIGH Investment Partners, L.L.C., a Delaware limited liability company ("AIGH LLC";), with respect to shares of Common Stock (as defined in Item 2(d) below) directly held by it;
(iii) Mr. Orin Hirschman ("Mr. Hirschman"), who is the Managing Member of AIGH Capital Management, LLC and president of AIGH LLC, with respect to shares of Common Stock (as defined in Item 2(d) below) indirectly held through AIGH CM, directly by AIGH LLC and Mr. Hirschman and his family directly.
AIGH Capital Management LLC., AIGH Investment Partners LLC, and Mr. Hirschman are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.
(b)
Address or principal business office or, if none, residence:
The principal office and business address of AIGH Capital Management LLC, AIGH Investment Partners LLC, and Mr.Hirschman is: 6006 Berkeley Avenue, Baltimore MD 21209
(c)
Citizenship:
See Item 2(a) above and Item 4 of each cover page.
(d)
Title of class of securities:
Common Stock, par value $0.001 per share
(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:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
1,181,696
Excludes 133,333 common shares issuable upon exercise of warrants not currently exercisable due to beneficial ownership limitations on exercise
(b)
Percent of class:
9.8 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1,181,696
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
1,181,696
Excludes 133,333 common shares issuable upon exercise of warrants not currently exercisable due to beneficial ownership limitations on exercise
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 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.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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, other than activities solely in connection with a nomination under ?? 240.14a-11.
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.
