---
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"
generated_at: "2026-07-07T21:28:07.502465+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Polar Power issues $275K convertible note to Mayers Ventures with 10% OID and board seat

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-032382
- JSON: https://secwatch.observer/filing/0001493152-26-032382.json
- Plain text: https://secwatch.observer/filing/0001493152-26-032382.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.