secwatch.observer — SEC 8-K summary
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Issuer:     Polar Power, Inc. (POLA)
CIK:        0001622345
Form:       8-K
Filed at:   2026-07-27T22:27:24+00:00
Accession:  0001493152-26-034876
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622345/000149315226034876/0001493152-26-034876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622345/000149315226034876/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-034876

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