other material
confidence high
sentiment neutral
materiality 0.60
Polar Power enters ATM equity offering up to $2,382,043 with ThinkEquity
Polar Power, Inc.
- ATM sales agreement with ThinkEquity LLC allows at-the-market sales of common stock up to $2,382,043.
- Fixed commission of 3.0% of gross proceeds; $30,000 expense reimbursement cap for Agent.
- Offering conducted via Nasdaq Capital Market under existing S-3 shelf registration statement.
- Company not obligated to sell any shares; agreement terminable on 10 days' notice by either party.
- Shares issued under Rule 415(a)(4); proceeds for general corporate purposes, unspecified.