Polar Power regains Nasdaq compliance; delisting hearing cancelled

Polar Power, Inc.

Received Nasdaq letter on Dec 23, 2024 confirming compliance with minimum bid price rule.
Previously effected 1:7 reverse stock split on Nov 18, 2024 to address bid price deficiency.
Delisting notice received Nov 19, 2024; company appealed and hearing scheduled for Jan 23, 2025 now cancelled.
Common stock (POLA) to continue trading on Nasdaq Capital Market.
CEO Arthur Sams stated maintaining listing supports growth and shareholder value.

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