{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-043742","form_type":"8-K","ticker":"POLA","cik":"0001622345","company_name":"Polar Power, Inc.","filed_at":"2023-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.821404+00:00","generated_at":"2026-06-07T18:04:08.581721+00:00","sec_items":["1.01","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Polar Power closes public offering of 4.6M shares at $0.40, raising $1.84M gross","bullets":["Offering of 4,000,000 shares upsized to 4,600,000 shares after underwriter exercised over-allotment in full.","Gross proceeds of $1,840,000; net proceeds ~$1.5 million after underwriting discounts and expenses.","ThinkEquity LLC acted as sole underwriter; offering closed on December 5, 2023.","Proceeds to be used for general corporate purposes, including working capital, R&D, and potential acquisitions.","Shares sold at $0.40 per share, representing a dilutive equity raise for existing shareholders."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-043742","json":"https://secwatch.observer/filing/0001493152-23-043742.json","markdown":"https://secwatch.observer/filing/0001493152-23-043742.md","text":"https://secwatch.observer/filing/0001493152-23-043742.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1622345/000149315223043742/0001493152-23-043742-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1622345/000149315223043742/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T18:04:08.581721+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":"de6c2c1a543b85eb242160f988654ab1dd807ae4","claim":"Polar Power, Inc. entered into Underwriting Agreement with ThinkEquity LLC valued at Underwritten public offering of 4,000,000 shares of common stock at $0.40 per share, with over-allot (effective 2023-11-30).","evidence_excerpt":"Item 1.01 Entry into a Material Definitive Agreement. Underwritten Offering of Common Stock On November 30, 2023, Polar Power, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with ThinkEquity LLC, as the representative (the “Representative”) of the several underwriters named therein (collectively, the “Underwriters”), pursuant to which the Company agreed to sell to the Underwriters an aggregate of 4,000,000 shares (the “Shares”) of the Company’s common stock, $0.0001 par value per share, at a price to the public of $0.40 per share, in a firm commitment underwritten public offering (the “Offering”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1622345/000149315223043742/0001493152-23-043742-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"ThinkEquity LLC"},{"label":"Value","value":"Underwritten public offering of 4,000,000 shares of common stock at $0.40 per share, with over-allot"},{"label":"Effective","value":"2023-11-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}