---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-036617"
form_type: "8-K"
ticker: "PPSI"
cik: "0001449792"
company_name: "PIONEER POWER SOLUTIONS, INC."
filed_at: "2022-12-28T23:59:59+00:00"
generated_at: "2026-06-20T22:23:57.422262+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pioneer Power receives $6.2M in full payment of notes from 2019 transformer sale; cash on hand now $11M

## Summary
- Received $6.2M cash on Dec 15, 2022 as full payment of two subordinated promissory notes totaling principal plus 4% interest from 2019 sale of transformer business.
- Cash on hand increased to approximately $11M, roughly doubling prior cash position.
- CEO Nathan Mazurek states the capital supports investment in EV charging and distributed generation solutions through end of 2023.
- Balance sheet remains debt-free after this transaction.

## SEC filing metadata
- accession: 0001493152-22-036617
- form_type: 8-K
- ticker: PPSI
- cik: 0001449792
- company_name: PIONEER POWER SOLUTIONS, INC.
- filed_at: 2022-12-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1449792/000149315222036617/0001493152-22-036617-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1449792/000149315222036617/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-036617
- JSON: https://secwatch.observer/filing/0001493152-22-036617.json
- Plain text: https://secwatch.observer/filing/0001493152-22-036617.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.