Every 8-K that Polar Power, Inc. (POLA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow POLA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full POLA filings page.
Polar Power, Inc. (POLA) entered into a financing arrangement involving two convertible promissory notes. On August 28, 2026 the company issued notes with an aggregate principal of $165,000 to LU2 Holdings LLC and CL Investment Group LLC for aggregate consideration of $150,000. The notes bear interest at 1% per month and mature on November 26, 2026; if not repaid in cash by maturity, they convert in full into common stock at the lower of 80% of the Nasdaq volume weighted average price over the five trading days ending on the maturity date or $1.00 per share. Under a Common Stock Purchase Agreement with Roth Principal Investments, LLC dated July 27, 2026, Polar Power agreed to use all net proceeds from sales of common stock under that agreement to repay the notes until they are paid in full.
The board of directors expanded its size to six members on August 24, 2026 and elected Lewis Wilks as an independent director. Wilks is Senior Managing Partner at Bright Peaks Venture Capital and has prior public company board experience.
Polar Power, Inc. (POLA) disclosed that its Board of Directors filled two vacancies by electing Jim Ahern and Menachem “Menny” Shalom as independent directors. Both will serve on the Audit, Compensation, and Nominating and Corporate Governance Committees, adding experience in corporate leadership, governance, manufacturing, and defense markets.
The company noted that a June 30, 2026 convertible promissory note issued to Mayers Ventures LLC includes a right for Mayers to designate one Polar director, and Mayers designated Mr. Shalom. Polar also furnished a press release as Exhibit 99.1 describing the appointments and reiterating forward-looking statements and risk factors, including substantial doubt about its ability to continue as a going concern, liquidity constraints, and Nasdaq listing risk.
Polar Power, Inc. entered into Securities Purchase Agreements with CL Investment Group LLC and LU2 Holdings LLC for a subsequent closing of its Series A Convertible Preferred Stock. On August 5, 2026, the company issued 1,111 Series A Convertible Preferred shares, increasing total outstanding Series A to 1,611 shares.
The Series A has a 10% annual dividend and converts into common stock at a “Market Conversion Price” equal to 90% of the lowest volume-weighted average price over seven prior trading days, subject to a floor. Polar Power received aggregate gross proceeds of $999,700 (CL Investment: 833 shares, $749,700; LU2: 278 shares, $250,000). The company also issued warrants to purchase 227,182 and 75,758 common shares to CL Investment and LU2, respectively, each with a $1.65 exercise price, three-year term, cashless exercise feature, and a 9.99% beneficial ownership limitation. Registration Rights Agreements require Polar Power to register the resale of conversion and warrant shares on Form S-1 or Form S-3.
Polar Power, Inc. entered into a Common Stock Purchase Agreement and related Registration Rights Agreement with Roth Principal Investments, establishing a committed equity facility of up to $25,000,000. The company may, at its discretion, sell newly issued common shares over a period of up to 36 months after the registration statement for Roth’s resale is declared effective.
Purchases are priced off the stock’s volume weighted average price at discounts of 3.0% for Market Open and Intraday purchases and 6.0% for Pre‑ and Post‑Market purchases, subject to trading, price and volume conditions, a Nasdaq Exchange Cap of 769,952 shares (19.99% of pre‑agreement shares), and a 4.99% beneficial ownership limit for Roth. Polar Power will pay a $500,000 commitment fee (2.0% of the facility) through 10% withholdings on each purchase and will reimburse specified legal and underwriting-related expenses. Any net proceeds are intended for working capital and general corporate purposes, including its DC power systems and power‑generation business.
Polar Power, Inc. entered into a new convertible preferred and warrant financing with LU2 Holdings LLC and Mayers Ventures LLC. The company created Series A Convertible Preferred Stock with $1,000 stated value per share, a 10% annual dividend, and a conversion price set at 90% of the lowest VWAP over seven trading days, subject to a floor price. Under a Securities Purchase Agreement, it sold 500 preferred shares with $500,000 stated value for a $450,000 purchase price and issued warrants for 150,915 common shares to LU2 and 83,841 shares to Mayers.
A Registration Rights Agreement covers the note shares, preferred conversion shares and warrant shares. Amendments to the Mayers note and Preferred SPA expand permitted equity facilities such as ELOCs and ATMs and extend Mayers’ board designation rights while its note remains outstanding. Polar Power also agreed to pay LU2 a $100,000 cash fee and $50,000 in restricted stock for strategic advisory services, terminated its prior ATM sales agreement with ThinkEquity without penalty, and corrected the preferred stock designation so the Market Conversion Price tracks 90% of the lowest VWAP over the seven trading days before a conversion notice.
Polar Power, Inc. established a new Series A Convertible Preferred Stock by filing a certificate of designation with the Delaware Secretary of State on July 10, 2026. The series has a par value of $0.0001, a stated value of $1,000 per share, and 25,000 shares reserved for issuance.
The preferred stock carries a 10% annual dividend accruing monthly and is convertible into common stock at a market conversion price equal to 90% of the lowest VWAP over seven consecutive trading days, based on specified measurement dates. Polar Power states it has not yet issued or sold any of these preferred shares.
Polar Power, Inc. entered into a financing agreement by issuing a convertible promissory note to Mayers Ventures LLC with an aggregate principal amount of $275,000. The company received $250,000 in consideration, the note carries a 10% annual interest rate, and it matures on December 30, 2027.
Mayers may convert outstanding principal and interest into Polar Power common stock at a price equal to 90% of the lowest daily VWAP over the seven trading days before a conversion notice, subject to a floor price while the shares remain listed. Polar Power agreed to treat all conversion shares as “Registrable Securities” under a planned registration rights agreement, and Mayers gained the right to designate one board member, alongside other customary note terms.
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.
Polar Power, Inc. reported sharply improved first-quarter 2026 performance, with net sales of $1.7M, gross profit of $1.1M, and gross margin rising to 65.7% helped by a one-time $0.45M warranty reserve adjustment.
The net loss narrowed to $178K versus $1.3M a year earlier, and operating expenses fell 22%. Stockholders’ equity increased to $2.39M, while cash was $27K and total current liabilities were $9.1M, underscoring tight liquidity.
Management highlighted a settlement that cuts monthly rent at its Gardena headquarters from $109K to $55K, a sales backlog of $3.7M as of March 31, 2026, and a $3.8M backlog as of May 30, 2026. The company used an ATM facility to raise $2.4M in Q1 and continues to work toward regaining compliance with Nasdaq Listing Rule 5550(b)(1) on stockholders’ equity, while acknowledging substantial doubt about its ability to continue as a going concern in light of limited cash, debt and listing risk.
Polar Power, Inc. entered into two 6% convertible redeemable notes with CFI Capital and Monroe Street Capital, with aggregate principal of $970,600 and net cash proceeds of about $807,100. The notes mature in 12 months and become convertible after six months at a price set at 80% of the lowest recent daily VWAP, with a deeper discount if the stock is delisted from Nasdaq.
The company also signed a restructuring and management services agreement with Mammoth Crest Capital for a $500,000 fee, a $25,000 monthly retainer, and shares equal to 4.5% of its common stock, while expanding its board and adding MCC-designated directors. Separately, Polar Power paid $755,000 to its landlords to regain access to its headquarters and avoid eviction through mid‑2027, subject to substantial scheduled rent and lump-sum payments, and continued its plan to vacate a warehouse by August 31, 2026. The company also terminated an unused revolving loan agreement and had one independent director rescind a prior resignation.
Polar Power, Inc. entered into a Revolving Loan Agreement with Stone Brothers Capital, creating a revolving credit facility of up to $2,500,000. The lender may, at its sole discretion, advance loans that bear interest at an annual rate of 12% and mature on the first anniversary of the closing date.
The company plans to use loan proceeds for general corporate purposes, including expenses related to a Qualified Public Equity Offering for proceeds up to $6,000,000. As a closing condition, two current directors must resign and three lender‑designated individuals will be appointed to the board. Two independent directors have submitted resignations effective May 19, 2026.
Polar Power, Inc. received a Nasdaq notice that it is not meeting continued listing standards because it reported stockholders’ equity of $144,000 as of December 31, 2025, below the required $2.5 million. The company has 45 days to submit a compliance plan and, if accepted, 180 days from the notice date to regain compliance. The letter does not immediately affect trading, and Polar Power’s shares will continue to trade on Nasdaq under the symbol POLA while it works on a remediation plan.
Polar Power, Inc. held its 2025 annual stockholder meeting on December 15, 2025, where stockholders approved all six proposals on the ballot.
Four directors – Arthur D. Sams, Keith Albrecht, Michael Field and Katherine Koster – were elected with roughly 886,000 to 896,000 votes each. Stockholders ratified Weinberg & Company, P.A. as independent auditor with 1,510,401 votes for, and approved the Polar Power 2026 Equity Incentive Plan, which will be effective January 1, 2026, with 862,506 votes for and 40,576 against.
In advisory votes, stockholders approved executive compensation with 864,824 votes for and chose an annual say‑on‑pay frequency, which the board adopted until at least the 2026 annual meeting. They also supported granting the meeting chair discretionary authority to adjourn the meeting, if needed, to solicit additional proxies related to the equity plan.
Polar Power, Inc. (POLA) filed a Form 8-K to announce that it released financial results for the three months ended September 30, 2025. The company issued a press release on November 20, 2025, and attached it as Exhibit 99.1 to this report. The filing states that the earnings information under Items 2.02 and 7.01, including the press release, is being furnished rather than filed, which limits certain legal liabilities under securities laws. The company also notes that it does not undertake to update forward-looking statements except as required by law.
Polar Power, Inc. entered into an at-the-market sales agreement with ThinkEquity LLC, allowing it to offer and sell shares of its common stock up to an aggregate offering price of $2,382,043 under an existing shelf registration. Sales can be made from time to time on The Nasdaq Capital Market or through other permitted methods at prevailing or related market prices. Polar Power will pay ThinkEquity a 3.0% commission on gross proceeds and reimburse up to $30,000 of initial fees and expenses, plus specified annual and transaction-based expense caps. Either party may terminate the agreement on ten days’ notice, giving the company flexibility to raise equity capital as market conditions permit.
Polar Power, Inc. filed a current report to notify investors that it has released financial results for the three months ended June 30, 2025. On August 14, 2025, the company issued a press release with these quarterly results, which is attached as Exhibit 99.1 and incorporated by reference. The disclosure is furnished under items covering results of operations and Regulation FD, and is specifically stated as not being deemed filed for liability purposes under certain sections of the securities laws.