Polar Power faces Nasdaq delisting due to stockholders' equity of only $144K vs $2.5M minimum

Polar Power, Inc.

Received Nasdaq letter on May 1, 2026 for non-compliance with Listing Rule 5550(b)(1) due to low equity.
Stockholders' equity was $144,000 as of Dec 31, 2025, well below $2.5M requirement.
Company has 45 days to submit a compliance plan; if accepted, 180 days to regain compliance.
Believes preliminary March 31, 2026 equity will be substantially higher, but still subject to change.
No immediate effect on listing; stock continues trading under POLA.

item 3.01

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filed_at: 2026-05-07T23:59:59+00:00
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accession 0001493152-26-021707

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