secwatch.observer — SEC 8-K summary
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Issuer:     Polar Power, Inc. (POLA)
CIK:        0001622345
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0001493152-24-022300
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Polar Power gets 180-day Nasdaq extension to Nov 18, 2024 for $1 bid price rule
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- Received Nasdaq notification on May 30, 2024 granting 180 extra days to meet $1.00 minimum bid price.
- Compliance deadline extended to November 18, 2024; must close at $1.00+ for 10 consecutive business days.
- First deficiency notice was Nov 24, 2023; company met all other listing requirements except bid price.
- Plans to actively monitor bid price and consider options to cure the deficiency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622345/000149315224022300/0001493152-24-022300-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622345/000149315224022300/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-022300

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