Polar Power gets Nasdaq extension to Oct 28, 2026 to regain stockholders' equity compliance

Polar Power, Inc.

• Stockholders' equity was only $144,000 as of Dec 31, 2025, triggering Nasdaq Rule 5550(b) deficiency.
• Company submitted a compliance plan on June 15, 2026; Nasdaq granted extension on June 29, 2026.
• Deadline to evidence compliance is October 28, 2026, via one of two specified public disclosure alternatives.
• If compliance not shown by year-end 2026 periodic report, Nasdaq may delist the stock.
• Failure to meet extension terms could result in delisting, with right to appeal to a Hearings Panel.