{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-047181","form_type":"8-K","ticker":"POLA","cik":"0001622345","company_name":"Polar Power, Inc.","filed_at":"2024-11-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.017775+00:00","generated_at":"2026-05-29T20:45:54.854390+00:00","sec_items":["3.01","3.03","5.03","8.01","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Polar Power receives Nasdaq delisting notice for bid price non-compliance; 1:7 reverse split effective Nov 18","bullets":["Nasdaq notified Polar Power on Nov 19, 2024, of delisting due to failure to meet $1 minimum bid price by deadline.","Company intends to appeal delisting determination to Nasdaq hearings panel by Nov 26, 2024 deadline.","Effected a 1:7 reverse stock split on Nov 18, 2024, to try to regain compliance; shares trade split-adjusted from Nov 19.","Outstanding shares reduced from 17,561,612 to 2,511,350 (after rounding up fractional shares).","Authorized shares remain at 50,000,000; stock symbol unchanged (POLA); new CUSIP 73102V204."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-047181","json":"https://secwatch.observer/filing/0001493152-24-047181.json","markdown":"https://secwatch.observer/filing/0001493152-24-047181.md","text":"https://secwatch.observer/filing/0001493152-24-047181.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1622345/000149315224047181/0001493152-24-047181-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1622345/000149315224047181/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T20:45:54.854390+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":"9139bc6d1b01b12e60d5d7ccd04e24f148a4393c","claim":"Polar Power, Inc.: Filed a Certificate of Amendment to effect a 1:7 reverse stock split of common stock, effective November 18, 2024 (effective 2024-11-18).","evidence_excerpt":"On November 18, 2024, the Company filed a Certificate of Amendment to Certificate of Incorporation (the “Certificate of Amendment”) with the Secretary of State of Delaware to effect a 1:7 reverse stock split of the shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), either issued and outstanding or held by the Company as treasury stock, effective as of 4:05 p.m. (Delaware time) on November 18, 2024 (the “Reverse Stock Split”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1622345/000149315224047181/0001493152-24-047181-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-11-18"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}