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.

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