Polar Power, Inc. filings document the public-company record for a manufacturer of DC generators, battery charging systems, EV chargers, microgrids, backup power and related cooling systems. Its 8-K reports include operating results, Regulation FD disclosures, material agreements, equity offering arrangements and Nasdaq continued-listing notices.
Proxy and annual-meeting materials describe board elections, auditor ratification, equity incentive plan approvals and shareholder voting matters. Periodic-report and late-filing notices cover Form 10-K and Form 10-Q reporting obligations, while registration-related documents and at-the-market sales agreements disclose common stock issuance mechanics, capital structure and related governance disclosures.
Polar Power, Inc. (POLA) registers up to 8,653,774 shares of Common Stock for resale by selling stockholders. Polar Power is not selling shares and will receive no proceeds from resales; it would receive proceeds from warrants exercised for cash. The stated resale amount is an estimate and may differ from the number of shares ultimately issued or resold.
The supplement replaces Mayers Ventures LLC with Mandragula Ltd. after Mayers transferred its securities; the other selling-stockholder entries are unchanged. Mandragula is listed for resale of up to 847,730 shares, including 763,889 shares issuable upon conversion of a Convertible Note and 83,841 issuable upon warrant exercise. The note amount assumes conversion at the Floor Price, and the exact number issuable is not currently determinable because the conversion price is variable. Polar Power had 4,309,319 shares outstanding as of September 10, 2026; Mandragula's convertibility and exercise are subject to a 9.99% limit.
Polar Power, Inc. (POLA) said it believes it has regained Nasdaq stockholders’ equity compliance based on preliminary pro forma stockholders’ equity of approximately $2.9 million as of October 23, 2026, above the $2.5 million minimum. Reported equity increases included $1,175,200 from Series A Preferred issuances, $989,181 from Roth transactions, and $614,700 from the September 23, 2026 conversion of promissory notes by founder, President and Chief Executive Officer Arthur D. Sams.
Under its agreement with Roth, Polar Power may, but is not obligated to, sell up to $25,000,000 in aggregate gross purchase price of common stock. As of October 23, 2026, it had issued Roth 776,148 shares for aggregate net proceeds of $989,181 after fees and other amounts retained by Roth. Monroe’s October 21 and October 22, 2026 note conversions increased stockholders’ equity by $164,100. The pro forma figure is preliminary, unaudited and subject to revision; Nasdaq will continue monitoring the company and may delist it if its next periodic report does not evidence compliance.
Polar Power, Inc. (POLA) reported that its Co-Chief Executive Officer, Chris Mayer, and CL Investment Group LLC have beneficial ownership of 478,281 common shares, representing 9.99%, with shared voting and dispositive authority. The amount reflects the maximum shares they may acquire within 60 days under a 9.99% beneficial ownership limitation; a 19.99% cap applies pending stockholder approval.
On August 5, 2026, CL Investment acquired 833 Series A preferred shares, with an aggregate stated value of $833,000, for $749,700, along with warrants for 227,182 common shares at $1.65 per share. On August 28, 2026, it acquired a convertible promissory note with $82,500 principal for $75,000. The board appointed Mayer Co-Chief Executive Officer effective October 6, 2026.
Polar Power, Inc. reports that Co-Chief Executive Officer and director Christopher Jay Mayer may be deemed to beneficially own securities held directly by CL Investment Group LLC, in which he has a one-half economic interest. The LLC holds Series A Convertible Preferred Stock convertible into 2,469,705 shares, warrants exercisable for 227,182 shares at $1.65 and expiring July 29, 2029, and an $82,500 convertible note convertible into 82,500 shares. Mayer disclaims beneficial ownership except to the extent of his pecuniary interest.
Polar Power, Inc. shareholders approved a charter amendment authorizing the board, in its discretion prior to December 31, 2027, to effect a reverse stock split of all issued and outstanding common stock at a ratio from one-for-three to one-for-twenty; the board would determine the timing and ratio if it proceeds. Shareholders also approved potential issuance in one or more non-public financing transactions of common stock or convertible or exercisable securities in an aggregate amount exceeding 19.99% of outstanding common stock or voting power, at a price that may be below the minimum price defined in Nasdaq rules.
At the October 14, 2026 annual meeting, shareholders elected six directors, ratified the independent auditor, and approved named executive officer compensation in a non-binding advisory vote. The board determined that say-on-pay votes will occur every two years until the next frequency vote, which will occur no later than the 2028 annual meeting. Shareholders also approved authority for the meeting chair to adjourn if necessary to solicit additional proxies on the financing and split proposals.
Polar Power, Inc. appointed Chris Mayer as Co-Chief Executive Officer effective October 6, 2026, while Arthur D. Sams continues as Co-Chief Executive Officer and President. Mayer is responsible for corporate strategy, financial performance, budgeting, profitability, fundraising, investor relations, capital markets and strategic investments. Sams leads operations, including product and technology, engineering, manufacturing, supply chain, quality, customer relationships and commercialization. The Co-CEOs will develop product and technology strategy and sales and customer relations together; the Board will determine management of jointly managed matters or disputed responsibilities.
Mayer is managing member of CL Investment Group LLC and has voting and dispositive authority over its Polar Power securities; Mayer and director Lewis Wilks each own 50% of CL Investment. Polar Power states it entered no appointment-related compensation arrangement with Mayer, and Sams' compensation will not change.
Polar Power, Inc. amended its definitive proxy statement to correct record-date voting and share figures. As of September 9, 2026, 4,270,193 common shares and 1,611 voting Series A Preferred shares were outstanding; the corrected figures show 5,226,755 votes available and 2,613,378 votes needed for a quorum.
The company says that if Proposal Three is approved and all 26,995,667 common shares registered for resale by investors were issued and outstanding as of the record date, those shares would represent approximately six times the outstanding common shares. It also states that, without stockholder approval, it may not sell more than the 19.99% Exchange Cap. The amendment compares 1:3, 1:10 and 1:20 reverse-split ratios; authorized common shares remain 50,000,000 under each scenario.
A Schedule 13G reports that LU2 Holdings LLC beneficially owns 478,281 shares of Polar Power, Inc. (POLA) common stock, representing 9.99% of the class. LU2 reports sole voting and dispositive power over 478,281 shares and no shared voting or dispositive power. Shares held directly by LU2 may also be deemed indirectly beneficially owned by Lucinda Lefkowitz, who may be deemed to have sole voting and dispositive power over them.
Polar Power, Inc. (POLA) amends its definitive proxy statement to correct the disclosure that up to 1,000,000 shares of common stock may be issuable to Monroe Street Capital Partners upon conversion of the Monroe Note. The corrected disclosure states that the beneficial ownership calculation reflects a 9.99% limit on convertibility and exercise, measured against total common shares outstanding.
Polar Power, Inc. received a trial order for 50 propane-fueled DC generators from a major Tier 1 telecom operator in Southeast Asia to power off-grid and bad-grid cell sites. The trial is the first phase of a potential five-year program that could cover approximately 2,500 sites. Based on current estimated system pricing, the opportunity could represent up to approximately $60 million in revenue over five years, but the customer has not committed to broader deployment.
Discussions have begun on a next phase of 200 propane generators. Polar lists generator prices of $19,000 to $27,000 each, depending on accessories and service options, and says it purchased approximately 2,000 Toyota 1KS engines to support potential volume growth; it previously wrote down approximately $4 million of usable engine inventory and expects using it may support improved margins as volumes ramp. Based on field experience, Polar estimates approximately 40% less fuel use than diesel AC generator solutions without solar, with savings of 59% and higher paired with solar. Its generator oil-change interval is approximately 4,500 hours, versus approximately 250 hours for standard diesel AC gensets.