secwatch.observer — SEC 8-K summary
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Issuer:     Polar Power, Inc. (POLA)
CIK:        0001622345
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001493152-23-039595
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622345/000149315223039595/0001493152-23-039595-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622345/000149315223039595/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039595

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer