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.
On September 25, 2026, Polar Power, Inc. (POLA) entered an exchange agreement with Arthur D. Sams, its Chief Executive Officer, Secretary, director and Chairman. Sams surrendered $614,700 in aggregate principal amount and accrued interest on promissory notes previously issued to him for 683 Series A Convertible Preferred shares and a warrant to purchase 382,276 common shares.
The preferred stock accrues dividends monthly at 10% per annum and converts at a market price equal to 90% of the lowest VWAP over the seven consecutive trading days immediately before the applicable conversion date, subject to a floor price. The warrant is exercisable for three years from issuance at an initial exercise price of $1.34 per share.
Polar Power stated that the conversion eliminates $614,700 of debt from its balance sheet and increases shareholders’ equity. The company said it expects the transaction to support its efforts to regain and maintain compliance with applicable Nasdaq continued listing requirements; its Audit Committee, consisting entirely of independent board members, approved the transaction.
Polar Power, Inc. registered for resale by selling stockholders up to 8,653,774 shares of common stock. That amount represents approximately 200.8% of the 4,309,319 shares outstanding as of September 10, 2026. Some registered shares are already issued; others may be issued upon conversion of notes or Series A Preferred at variable prices, and the share estimate may differ from actual issuance.
Selling stockholders receive resale proceeds; Polar Power receives none from resales, but may receive cash from warrant exercises. If all warrants registered with this prospectus are exercised for cash, estimated gross proceeds are approximately $884,850, intended for working capital and general corporate purposes, including debt repayment and restructuring. Polar Power disclosed it was below Nasdaq’s $2.5 million stockholders’ equity requirement, based on approximately $0.1 million at December 31, 2025; it must choose a compliance path by October 28, 2026, and says substantial doubt remains about its ability to continue as a going concern.
Polar Power, Inc. (POLA) filed an initial ownership report indicating that Lewis Wilks is a director of the company. The filing reports no transactions or holdings of Polar Power securities by Wilks or related entities as of this Form 3.
Polar Power, Inc. (POLA) is soliciting stockholder approval for multiple governance and financing actions at its October 14, 2026 annual meeting. Stockholders will vote on electing six directors, ratifying Weinberg & Company, P.A. as auditor, and approving, for Nasdaq Listing Rule 5635(d) purposes, the potential issuance of common stock (and related convertible or exercisable securities) in one or more non‑public financings exceeding 19.99% of outstanding common stock or voting power, possibly below the Nasdaq “Minimum Price.”
The company also seeks authority for the board, any time before December 31, 2027, to implement a reverse stock split of the common stock at a ratio between 1‑for‑3 and 1‑for‑20, primarily to support continued Nasdaq listing, without reducing authorized shares. Additional proposals cover advisory “say‑on‑pay,” the preferred frequency of future say‑on‑pay votes, and discretionary authority to adjourn the meeting to solicit more proxies if needed for the financing and reverse‑split proposals.
Polar Power, Inc. (POLA) has filed an amended Form S-1 to register the resale of up to 8,653,774 shares of common stock by existing selling stockholders. These shares stem from variable‑price convertible notes, Series A Convertible Preferred Stock, warrants and consulting/advisory equity, and are being offered on a continuous basis by the holders.
The company itself is not selling shares in this offering and will receive no proceeds from resales, other than potential cash from the exercise of 537,696 outstanding warrants with exercise prices of $1.64–$1.65 per share. As context, common stock outstanding was 4,309,319 shares as of September 10, 2026, so the registered resale amount equals about 200.8% of current shares and a much higher percentage of public float. Separate from this S‑1, Polar Power has a $25 million committed equity facility with Roth Principal Investments covering up to 18,341,893 shares, or roughly 427% of current shares.
The prospectus highlights significant risks: highly dilutive, variable‑discount conversion terms on $1,410,600 of convertible notes and 1,611 shares of Series A Preferred that can lead to increasing share issuance as the stock price falls, potential Nasdaq issues under Listing Rules 5550(b)(1) and 5635(d), limits from authorized share capacity (50,000,000 common shares), possible SEC scrutiny of the resale as an indirect primary offering under Rule 415, and an auditor going‑concern paragraph and ongoing restructuring.
Polar Power, Inc. (POLA) reported that Jim Ahern is a director and is now a reporting person on an initial Form 3. The Form 3 data show no reported stock or derivative holdings and no transactions, so it functions purely as an initial disclosure of insider status.
Polar Power, Inc. (symbol: POLA) is the issuer of record for a Form 4 filing submitted to the SEC. Shalom Menachem reported reported sale transactions in this Form 4 filing.
Polar Power, Inc. (POLA) insider Shalom Menachem reported indirect dispositions of all of his reported derivative interests related to Polar Power on September 2, 2026. Securities held by Mayers Ventures LLC, for which he may be deemed to have voting and dispositive power, were transferred to Mandragola Ltd. under a Securities Assignment and Assumption Agreement. After the transactions, the reported holdings of the Convertible Note and the Common Stock Purchase Warrant are 0.
Polar Power, Inc. (POLA) is asking stockholders at its 2026 annual meeting to approve several major capital-structure and governance items. The agenda includes electing six directors, ratifying Weinberg & Company, P.A. as auditor, say‑on‑pay proposals, and authority to adjourn the meeting if needed to secure key approvals.
A central item seeks approval under Nasdaq Listing Rule 5635(d) for potential issuances of common stock, and securities convertible into or exercisable for common stock, that could exceed 19.99% of current outstanding shares in multiple recent and committed financing arrangements, including convertible notes, Series A Convertible Preferred Stock, warrants, and a $25 million equity line with Roth Principal Investments. The proxy explains that the company has registered 26,906,425 shares for resale, which would be roughly six times current outstanding common shares, highlighting substantial potential dilution and market overhang.
Another key proposal authorizes the Board, at its discretion through December 31, 2027, to implement a reverse stock split of the common stock at a ratio between 1‑for‑3 and 1‑for‑20, without reducing authorized shares. The stated purposes are to help regain or maintain Nasdaq listing compliance and increase trading price and liquidity, though the company notes risks that the split may not sustain a higher price, could reduce liquidity, and would effectively increase authorized but unissued shares available for future issuance.
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.