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) director Shalom Menachem filed an initial ownership report showing indirect derivative interests held through Mayers Ventures LLC. These include a Convertible Note that may convert into up to 763,889 shares of common stock at a variable price and a Common Stock Purchase Warrant for 83,841 shares at a $1.64 exercise price. Both instruments are subject to a 9.99% beneficial ownership limitation, and Menachem disclaims beneficial ownership beyond any pecuniary interest.
Polar Power, Inc. (POLA) has filed a Form S-1 to register for resale up to 8,488,774 shares of common stock held or issuable to several selling stockholders. These shares arise from convertible notes, Series A Convertible Preferred Stock, warrants, and consulting and advisory share issuances.
Polar Power will not receive proceeds from resale of these shares, but could receive up to approximately $884,850 if all registered warrants are exercised for cash. The registered amount is large relative to the 4,211,564 shares outstanding as of August 20, 2026, and the company highlights significant dilution, variable-price “death spiral” conversion features, a Nasdaq stockholders’ equity deficiency versus the $2.5 million requirement, and substantial doubt about its ability to continue as a going concern, all within an ongoing restructuring and capital-raising effort.
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. (POLA) reported sharply weaker results for the quarter ended June 30, 2026. Net sales were $1.0 million, down from $2.7 million a year earlier, producing a quarterly gross loss of $0.3 million and a net loss of $1.8 million versus a $0.3 million loss in 2025. For the first six months, net sales were $2.7 million compared with $4.4 million and the net loss widened to $2.0 million.
Cash was only $183,000 with total assets of $10.2 million, while the line of credit balance was $2.7 million and stockholders’ equity was $0.9 million, well below Nasdaq’s $2.5 million minimum, prompting a compliance plan and deadline of October 28, 2026. Auditors and management expressed substantial doubt about the company’s ability to continue as a going concern, citing recurring losses, limited liquidity, and dependence on external financing.
The company is out of covenant on its Pinnacle Bank credit facility and operating under a Forbearance Agreement, with repayment deadlines potentially extended only if a modification is finalized. It also resolved rent delinquencies through settlement but faces renewed eviction risk if terms are not met. During the period POLA issued $1.25 million of variable-price convertible notes, creating a $763,000 derivative liability, and after quarter-end raised additional capital through Series A Convertible Preferred Stock and an equity line with a Roth Capital affiliate.
Polar Power, Inc. notified regulators that it cannot file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 by the prescribed due date. The company cites delays in completing its financial statements and related disclosures, requiring additional time to compile information and ensure adequate disclosure. Polar Power expects to file the Quarterly Report on Form 10-Q no later than the fifth calendar day following the original due date, consistent with the relief framework under Rule 12b-25.
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. established a committed equity facility with Roth Principal Investments and registered up to 18,341,893 shares of common stock for Roth’s resale. Under a Common Stock Purchase Agreement, Polar Power may sell up to $25.0 million of stock to Roth at a 3–5% VWAP discount, while receiving no proceeds from Roth’s market resales.
The facility is constrained by a 769,952-share Exchange Cap (19.99% of the 3,851,684 shares outstanding on July 27 2026), a 4.99% beneficial ownership limit, a $0.50 threshold price, and authorized share capacity. At recent prices, Polar Power estimates it can initially draw only about $1.3 million until stockholders approve additional capacity under Nasdaq Rule 5635(d).
The company highlights going-concern risks, prior Nasdaq stockholders’ equity deficiency, recent convertible note and Series A preferred financings, lease settlement payments, and a restructuring and management services arrangement. Its ability to fund operations and restructuring depends substantially on accessing this equity facility and securing required stockholder approvals.
Polar Power, Inc. is registering up to 18,341,893 shares of common stock for resale by Roth Principal Investments under a Common Stock Purchase Agreement that provides a $25,000,000 committed equity facility over 36 months. Polar Power may, at its discretion, sell shares to Roth at 97% of VWAP for market open and intraday purchases and 95% of VWAP for pre- and post-market purchases, subject to a $0.50 per-share threshold price.
The company is not selling securities in this prospectus and receives no proceeds from Roth’s resales, but can raise up to $25.0 million in gross proceeds from its own sales to Roth, less a $500,000 cash commitment fee and other expenses, to fund working capital, debt repayment and restructuring. Significant constraints apply: a 4.99% beneficial ownership limitation, a Nasdaq Exchange Cap of 769,952 shares (19.99% of the 3,851,684 shares outstanding on July 27, 2026) until stockholder approval, and authorized share limits that make the facility practically capped at about $1.3 million, or 5.1% of the commitment, at recent prices. The company also highlights prior variable-price convertible notes, new Series A Preferred Stock, a recent equity deficiency notice from Nasdaq, and an auditor going-concern paragraph, all of which increase dilution and listing-risk considerations around this financing structure.
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.