Polar Power secures up to $25M committed equity facility with Roth Principal Investments

Polar Power, Inc.

Up to $25M common stock purchase agreement with Roth Principal Investments, LLC, an affiliate of Roth Capital Partners.
Company may sell shares at its discretion after a resale registration statement is declared effective by the SEC.
Shares sold at a 3% discount to VWAP for market-open/intraday purchases and 6% discount for pre/post-market purchases.
Commitment fee of $500,000 (2% of facility) paid via withholding 10% of each purchase price until fully paid.
Net proceeds intended for working capital and growth of DC power systems, including data-center and drone-charging systems.

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