{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-042694","form_type":"8-K","ticker":"POLA","cik":"0001622345","company_name":"Polar Power, Inc.","filed_at":"2023-11-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.821191+00:00","generated_at":"2026-06-07T21:29:23.253428+00:00","sec_items":["3.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Polar Power receives Nasdaq deficiency notice for bid price below $1.00","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-042694","json":"https://secwatch.observer/filing/0001493152-23-042694.json","markdown":"https://secwatch.observer/filing/0001493152-23-042694.md","text":"https://secwatch.observer/filing/0001493152-23-042694.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1622345/000149315223042694/0001493152-23-042694-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1622345/000149315223042694/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T21:29:23.253428+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f9cd932f42102d4639f6a0e2012203b48b16cd43","claim":"Polar Power, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1622345/000149315223042694/0001493152-23-042694-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"minimum bid price"},{"label":"Rules","value":"5550(a)(2)"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}