{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-025091","form_type":"8-K","ticker":"POLA","cik":"0001622345","company_name":"Polar Power, Inc.","filed_at":"2026-05-22T21:29:08+00:00","discovered_at":"2026-05-22T21:30:00.260434+00:00","generated_at":"2026-05-22T21:31:29.059113+00:00","sec_items":["1.01","1.02","2.03","3.02","5.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"confidence":"high","headline":"Polar Power issues $970.6K convertible notes, hires Mammoth Crest for restructuring, settles landlord eviction","bullets":["Issued two 6% convertible notes totaling $970.6K principal; net proceeds $807.1K; conversion at 80% of 10-day VWAP.","Hired Mammoth Crest Capital to lead operational restructuring; pays $500K fee plus 4.5% equity; Board expands to 7 with two MCC appointees.","Paid $755K to settle landlord dispute and regain HQ access; $92.4K/month rent through April 2027; warehouse to vacate by Aug 31, 2026.","Terminated Stone Brothers Capital revolving loan agreement (no loans drawn).","Director Keith Albrecht rescinded resignation; Katherine Koster resigned effective May 19, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-025091","json":"https://secwatch.observer/filing/0001493152-26-025091.json","markdown":"https://secwatch.observer/filing/0001493152-26-025091.md","text":"https://secwatch.observer/filing/0001493152-26-025091.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1622345/000149315226025091/0001493152-26-025091-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1622345/000149315226025091/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T21:31:29.059113+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":"a17298d411","claim":"Katherine Koster resigned as Director at Polar Power, Inc..","evidence_excerpt":"Keith Albrecht and Katherine Koster, two of the Company’s independent directors, resigned as members of the Board of the Company, effective May 19, 2026.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1622345/000149315226025091/0001493152-26-025091-index.htm","confidence":0.95}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}