---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-039595"
form_type: "8-K"
ticker: "POLA"
cik: "0001622345"
company_name: "Polar Power, Inc."
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T20:55:48.380733+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Polar Power exchanges all outstanding warrants for 12,062 shares of common stock with Empery Entities

## Summary
- Empery Entities hold all 24,122 warrants; exchange at 0.5 shares per warrant, issuing 12,062 shares.
- Warrants originally issued July 2020, expiring July 2025; now cancelled; no warrants remain outstanding.
- Exchange exempt from registration under Section 3(a)(9); shares issued without restrictive legends.
- Transaction negotiated privately; expected close on or about November 7, 2023.

## SEC filing metadata
- accession: 0001493152-23-039595
- form_type: 8-K
- ticker: POLA
- cik: 0001622345
- company_name: Polar Power, Inc.
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1622345/000149315223039595/0001493152-23-039595-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1622345/000149315223039595/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-039595
- JSON: https://secwatch.observer/filing/0001493152-23-039595.json
- Plain text: https://secwatch.observer/filing/0001493152-23-039595.txt

## Key facts
- Material Agreements
  Polar Power, Inc. entered into Warrant Exchange Agreement with Empery Asset Management, LP valued at Issuance of 12,062 shares of Common Stock in exchange for surrender and cancellation of Warrants to (effective 2023-11-03).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Empery Asset Management, LP
  - Value: Issuance of 12,062 shares of Common Stock in exchange for surrender and cancellation of Warrants to
  - Effective: 2023-11-03
  source text: On November 3, 2023, Polar Power, Inc. (the “Company”) entered into a Warrant Exchange Agreement (the “Agreement”) with entities affiliated with Empery Asset Management, LP (the “Empery Entities”), who are holders of the Company’s outstanding warrants (the “Warrants”) to purchase an aggregate of 24,122 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), which Warrants were originally issued pursuant to the offering described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 8, 2020. Pursuant to the Agreement, the Company expects to issue an aggregate of 12,062 shares of Common Stock to the Empery Entities in exchange for the surrender and cancellation of the Warrants held by the Empery Entities (which Warrants represent all outstanding Warrants of the Company) on or about November 7, 2023. Upon issuance of such shares and cancellation of the Warrants, the Company will no longer have any Warrants out
  evidence_url: https://www.sec.gov/Archives/edgar/data/1622345/000149315223039595/0001493152-23-039595-index.htm

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