Polar Power gets Nasdaq extension on equity compliance

Q: What action did Nasdaq take regarding Polar Power (POLA) on June 29, 2026?

On June 29, 2026, Nasdaq’s Staff granted Polar Power an extension of time to regain compliance with the stockholders’ equity requirement. This follows the company’s submission of a compliance plan including planned financings and an internal restructuring.

Q: What happens if Polar Power (POLA) still isn’t compliant after its 2026 annual report?

If Polar Power’s periodic report for the year ending December 31, 2026 does not evidence compliance with Nasdaq’s equity requirement, its securities may be subject to delisting. The company would then have the right to appeal to a Nasdaq Hearings Panel.

Q: How does Polar Power (POLA) plan to regain Nasdaq equity compliance?

Polar Power’s compliance plan submitted to Nasdaq includes planned upcoming financing activities and an internal restructuring. The company also provided financial information intended to demonstrate its ability to rebuild stockholders’ equity to meet Nasdaq’s continued listing standard.

Polar Power, Inc. reported that Nasdaq has granted more time to regain compliance with its stockholders’ equity listing requirement.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Polar Power, Inc. reported that Nasdaq has granted more time to regain compliance with its stockholders’ equity listing requirement. Nasdaq previously found the company deficient under Listing Rule 5550(b) after it reported only $144,000 in stockholders’ equity as of December 31, 2025.

The company submitted a plan, including planned financing activities and an internal restructuring, and now has until October 28, 2026 to demonstrate compliance through one of two reporting alternatives. If it does not evidence compliance by its annual report for the year ending December 31, 2026, its shares may be subject to delisting, with a right to appeal to a Nasdaq Hearings Panel.

Positive

None.

Negative

Nasdaq listing at risk due to low equity: Polar Power reported only $144,000 in stockholders’ equity as of December 31, 2025 and remains noncompliant with Nasdaq Listing Rule 5550(b), facing potential delisting if it cannot demonstrate adequate equity by the deadlines set in the extension.

Insights

Nasdaq grants POLA more time, but delisting risk remains if equity is not rebuilt.

Polar Power remains out of compliance with Nasdaq’s stockholders’ equity rule after reporting only $144,000 of equity as of December 31, 2025. Nasdaq’s extension reflects acceptance of the company’s remediation plan, including financing and internal restructuring steps.

The key requirement is to demonstrate sufficient stockholders’ equity by October 28, 2026 through a specified public filing. If future reports, including the year ending December 31, 2026, do not show compliance, the shares may face delisting, though the company could appeal to a Hearings Panel.

8-K Event Classification

Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

1 item

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities

The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.

Key Figures

Stockholders’ equity: $144,000 Compliance plan submission date: June 15, 2026 Nasdaq extension letter date: June 29, 2026 +2 more

5 metrics

Stockholders’ equity $144,000 As of December 31, 2025, reported in Form 10-K

Compliance plan submission date June 15, 2026 Date company submitted Nasdaq compliance plan

Nasdaq extension letter date June 29, 2026 Date Staff granted extension to regain compliance

Equity compliance deadline October 28, 2026 Deadline to evidence compliance with Rule 5550(b)

Annual report reference date December 31, 2026 Year-end by which ongoing compliance will be assessed

Key Terms

Nasdaq Listing Rule 5550(b), stockholders’ equity requirement, deficiency letter, internal restructuring, +1 more

5 terms

Nasdaq Listing Rule 5550(b) regulatory

"the Company was not in compliance with Nasdaq Listing Rule 5550(b) (the “Rule”)"

A Nasdaq listing rule that requires companies on the Nasdaq Capital Market to keep their share price at or above a minimum level (commonly $1.00 per share) to avoid delisting. It matters to investors because dropping below that threshold can start a formal review that may remove a stock from the exchange, which can reduce trading liquidity, make shares harder to sell, and hurt a company’s ability to raise capital — similar to a store losing its grade and being forced to close or move to a less prominent location.

stockholders’ equity requirement financial

"the stockholders’ equity requirement for continued listing"

A stockholders’ equity requirement is a minimum amount of net assets — assets minus liabilities — that a company must keep on its balance sheet to meet rules set by regulators, lenders or stock exchanges. Think of it as a required safety buffer or minimum bank balance that shows the company has enough of its own capital to absorb losses; falling below it can limit dividends, trigger covenants or risk sanctions, so investors watch it as a sign of financial health and compliance.

deficiency letter regulatory

"received a deficiency letter from the staff (the “Staff”) of the Nasdaq Stock Market"

internal restructuring financial

"including, among other things, planned upcoming financing activities and an internal restructuring"

Hearings Panel regulatory

"the Company may appeal Nasdaq’s determination to a Hearings Panel"

A hearings panel is a review body at a stock exchange that hears the case when the exchange has decided a company no longer qualifies to keep its shares listed. The company presents a plan to regain compliance, and the panel decides whether the listing continues, on what conditions, and for how long. The decision can keep a stock trading or end its listing.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why is Polar Power (POLA) out of compliance with Nasdaq’s listing rules?

Polar Power is out of compliance with Nasdaq Listing Rule 5550(b) because it reported only $144,000 in stockholders’ equity as of December 31, 2025. Nasdaq’s rule requires a higher equity level for continued listing on the exchange.

What action did Nasdaq take regarding Polar Power (POLA) on June 29, 2026?

On June 29, 2026, Nasdaq’s Staff granted Polar Power an extension of time to regain compliance with the stockholders’ equity requirement. This follows the company’s submission of a compliance plan including planned financings and an internal restructuring.

What deadline has Nasdaq set for Polar Power (POLA) to show equity compliance?

Polar Power must evidence compliance with Nasdaq’s stockholders’ equity requirement by October 28, 2026. By that date, it must file a publicly available report meeting Nasdaq’s specified conditions to demonstrate adequate stockholders’ equity for continued listing.

What happens if Polar Power (POLA) still isn’t compliant after its 2026 annual report?

If Polar Power’s periodic report for the year ending December 31, 2026 does not evidence compliance with Nasdaq’s equity requirement, its securities may be subject to delisting. The company would then have the right to appeal to a Nasdaq Hearings Panel.

How does Polar Power (POLA) plan to regain Nasdaq equity compliance?

Polar Power’s compliance plan submitted to Nasdaq includes planned upcoming financing activities and an internal restructuring. The company also provided financial information intended to demonstrate its ability to rebuild stockholders’ equity to meet Nasdaq’s continued listing standard.

What reporting options does Polar Power (POLA) have to prove equity compliance?

By October 28, 2026, Polar Power must either file a report describing the completed transaction restoring equity and affirming compliance, or file a report with a recent pro forma balance sheet evidencing that its stockholders’ equity meets Nasdaq’s continued listing requirement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/06/2026 - 05:25 PM

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): June 29, 2026

POLAR POWER, INC.

(Exact Name of Registrant as Specified in Charter)

Delaware

001-37960

33-0479020

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

249 E. Gardena Boulevard, Gardena, California 90248

(Address of Principal Executive Offices) (Zip Code)

(310) 830-9153

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

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 CFR 240.14a-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-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.0001 per share		POLA		The NASDAQ Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As previously disclosed, on May 1, 2026, Polar Power, Inc. (the “Company”) received a deficiency letter from the staff (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) stating that the Company was not in compliance with Nasdaq Listing Rule 5550(b) (the “Rule”) because it reported only $144,000 in stockholders’ equity as of December 31, 2025 in its 10-K for the year then ended.

The Company submitted a compliance plan with Nasdaq on June 15, 2026, outlining specific measures that the Company intends to take to regain and maintain compliance with the Rule including, among other things, planned upcoming financing activities and an internal restructuring. The Company provided financial information demonstrating its ability to regain compliance.

On June 29, 2026, the Company received a letter from the Staff granted the Company an extension of time to regain compliance with the Rule. The terms of the extension are as follows: on or before October 28, 2026, the Company must opt for one of the two following alternatives to evidence compliance with the Rule: (A) the Company must furnish to the SEC and Nasdaq a publicly available report (e.g., a Form 8-K or Form 6-K) including: (1) a disclosure of Staff’s deficiency letter and the specific deficiency(ies) cited; (2) a description of the completed transaction or event that enabled the Company to satisfy the stockholders’ equity requirement for continued listing; (3) an affirmative statement that, as of the date of the report, the Company believes it has regained compliance with the stockholders’ equity requirement based upon the specific transaction or event referenced in Step 2; and (4) a disclosure stating that Nasdaq will continue to monitor the Company’s ongoing compliance with the stockholders’ equity requirement and, if at the time of its next periodic report the Company does not evidence compliance, that it may be subject to delisting, or (B) the Company must furnish to the SEC and Nasdaq a publicly available report including: (1) steps 1 & 2 set forth above; (2) a balance sheet no older than 60 days with pro forma adjustments for any significant transactions or event occurring on or before the report date. The pro forma balance sheet must evidence compliance with the stockholders’ equity requirement; and (3) a disclosure that the Company believes it also satisfies the stockholders’ equity requirement as of the report date and that Nasdaq will continue to monitor the Company’s ongoing compliance with the stockholders’ equity requirement and, if at the time of its next periodic report the Company does not evidence compliance, that it may be subject to delisting.

Regardless of which alternative the Company chooses, if the Company fails to evidence compliance upon filing its periodic report for the year ending December 31, 2026, with the SEC and Nasdaq, the Company may be subject to delisting. In the event the Company does not satisfy these terms, Nasdaq will provide written notification that its securities will be delisted. At that time, the Company may appeal Nasdaq’s determination to a Hearings Panel.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 6, 2026

	POLAR POWER, INC.

	By:	/s/ Arthur D. Sams
		Arthur D. Sams President, Chief Executive Officer and Secretary

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents

Polar Power gets Nasdaq extension on equity compliance