{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-032382","form_type":"8-K","ticker":"POLA","cik":"0001622345","company_name":"Polar Power, Inc.","filed_at":"2026-07-07T21:25:42+00:00","discovered_at":"2026-07-07T21:28:00.228098+00:00","generated_at":"2026-07-07T21:28:07.502465+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Polar Power issues $275K convertible note to Mayers Ventures with 10% OID and board seat","bullets":["Issued $275,000 convertible promissory note to Mayers Ventures LLC; consideration $250,000 (10% OID).","Interest 10% per annum, PIK; maturity December 30, 2027; prepayment at 115% of principal.","Conversion price: 90% of lowest daily VWAP in prior 7 trading days, subject to floor price.","Mayers Ventures gets right to designate one board member.","Proceeds for working capital and general corporate purposes; note initially unsecured, may become secured."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-032382","json":"https://secwatch.observer/filing/0001493152-26-032382.json","markdown":"https://secwatch.observer/filing/0001493152-26-032382.md","text":"https://secwatch.observer/filing/0001493152-26-032382.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1622345/000149315226032382/0001493152-26-032382-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1622345/000149315226032382/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-07T21:28:07.502465+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}