Filing Details

Ideal Power, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

451622104

(CUSIP Number)

December 31, 2019

(Date of Event Which Requires Filing of this Statement)

Rule 13d-1(b)

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Rule 13d-1(c)

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Rule 13d-1(d)

1.

Names of Reporting Persons. AIGH Capital Management, LLC

I.R.S. Identification Nos. of above persons (entities only).

 27-4413262

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐

(b)  ☑

3.

SEC Use Only

4.

Citizenship of Place of Organization

Maryland

Number of
Shares

Beneficially

Owned by Each

Reporting 
Person

With

5.

Sole Voting Power 

126,948

6.

Shared Voting Power

0

7. 

Sole Dispositive Power 

199,876¹

8.

Shared Dispositive Power

9.

Aggregate Amount Beneficially Owned by each Reporting Person

199,876¹

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ☐

11.

Percent of Class Represented by Amount in Row 9

9.9%²

12.

Type of Reporting Person (See Instructions)

OO

1.

Includes Warrants to purchase 72,928 shares of common stock and excludes Warrants to purchase 931,056 shares of Common Stock not currently exercisable due to beneficial ownership limitations.

2.

Based on 2,018,951shares of Common Stock of the Company outstanding as represented in the Issuer’s latest Quarterly Report on Form 10-Q.

1.

Names of Reporting Persons. AIGH Investment Partners, L.L.C.

I.R.S. Identification Nos. of above persons (entities only).

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐

(b)  ☑

3.

SEC Use Only

4.

Citizenship of Place of Organization

Delaware

Number of
Shares

Beneficially

Owned by Each

Reporting 
Person

With

5.

Sole Voting Power 

14,391

6.

Shared Voting Power

0

7. 

Sole Dispositive Power 

181,721¹

8.

Shared Dispositive Power

9.

Aggregate Amount Beneficially Owned by each Reporting Person

181,721¹

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ☐

11.

Percent of Class Represented by Amount in Row 9

9.0%

12.

Type of Reporting Person (See Instructions)

OO

1.

Includes Warrants to purchase 167,330 shares of common stock

2.

Based on 2,018,951shares of Common Stock of the Company outstanding as represented in the Issuer’s latest Quarterly Report on Form 10-Q.

1.

Names of Reporting Persons. Orin Hirschman

I.R.S. Identification Nos. of above persons (entities only).

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐

(b)  ☑

3.

SEC Use Only

4.

Citizenship of Place of Organization

United States

Number of
Shares

Beneficially

Owned by Each

Reporting 
Person

With

5.

Sole Voting Power 

141,339¹

6.

Shared Voting Power

0

7. 

Sole Dispositive Power 

199,876¹

8.

Shared Dispositive Power

9.

Aggregate Amount Beneficially Owned by each Reporting Person

199,876¹

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ☐

11.

Percent of Class Represented by Amount in Row 9

9.9%²

12.

Type of Reporting Person (See Instructions)

IN

1.

Includes Warrants to purchase 58,537 shares of common stock and excludes Warrants to purchase 1,112,777 shares of Common Stock not currently exercisable due to beneficial ownership limitations.

2.

Based on 2,018,951shares of Common Stock of the Company outstanding as represented in the Issuer’s latest Quarterly Report on Form 10-Q.

(i)  

AIGH Capital Management, LLC, a Maryland limited liability company (“AIGH LP”), 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;

(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 indirectly held by AIGH LP, directly by AIGH LLC and Mr. Hirschman and his family directly.

(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);

(k) 

☐

 Group, in accordance with §240.13d-1(b)(1)(ii)(K).

 If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: ___________________________.

Dated: February 14, 2020

By:

/s/ Orin Hirschman

Orin Hirschman,

Individually and as (a) managing member of AIGH Capital Management LLC.: and (b) president of AIGH Investment Partners LLC.