secwatch.observer — SEC 8-K summary
======================================

Issuer:     Polar Power, Inc. (POLA)
CIK:        0001622345
Form:       8-K
Filed at:   2026-07-16T21:28:19+00:00
Accession:  0001493152-26-033591
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Polar Power creates Series A Convertible Preferred Stock with 10% dividend and VWAP-based conversion
--------------------------------------------------------------------------------

- 25,000 shares of Series A Convertible Preferred authorized, $1,000 stated value per share.
- Dividend accrues monthly at 10% per annum; convertible into common stock at market conversion price.
- Conversion price equals 90% of lowest VWAP over 7 consecutive trading days preceding measurement date (lowest of three dates).
- No shares have been issued or sold as of filing date; COD filed with Delaware on July 10, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622345/000149315226033591/0001493152-26-033591-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622345/000149315226033591/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-033591

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer