Polar Power, Inc. (POLA): Nasdaq/NYSE listing notice — Polar Power receives Nasdaq deficiency notice for bid price below $1.00

Polar Power, Inc.

Common stock bid price closed below $1.00 for 30 consecutive business days, triggering the Bid Price Rule.
180-day compliance period extends to May 22, 2024; stock can regain compliance with 10 consecutive business days at $1.00 or more.
If not compliant by May 22 but meets other initial listing standards, may receive an additional 180 days until November 18, 2024.
Company will monitor bid price and consider options to regain compliance; no assurance of success.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Polar Power, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

November 24, 2023, Polar Power, Inc. (the “Company”) received a deficiency letter from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company’s common stock is subject to potential delisting from the Nasdaq because for a period of 30 consecutive business days, the bid price of the Company’s common stock has closed below the minimum $1.00 per share requirement for continued inclusion under Nasdaq Marketplace Rule 5550(a)(2) (the “Bid Price Rule”). The Nasdaq deficiency letter has no immediate effect on the listing of the Company’s common stock, a

View on SEC.gov

20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Polar Power, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-042694

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.