Polar Power issues $500K convertible preferred, warrants, terminates ATM, corrects COD error

Polar Power, Inc.

Issued 500 Series A Convertible Preferred shares ($500K stated value) to LU2 Holdings at $450K, plus warrants for 150,915 common shares.
Issued warrants to Mayers Ventures for 83,841 common shares; amended Mayers note to exclude ELOC/ATM from prohibited transactions.
Terminated ATM sales agreement with ThinkEquity LLC effective July 23, 2026; no termination fee.
Filed certificate of correction to fix drafting error in COD definition of Market Conversion Price; now uses VWAP for 7 trading days preceding conversion.
Entered Business Consultant Agreement with LU2 Holdings for $100K cash and $50K in restricted stock for advisory services.

item 1.01 item 1.02 item 2.03 item 3.02 item 5.03 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.