{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-040635","form_type":"8-K","ticker":"POLA","cik":"0001622345","company_name":"Polar Power, Inc.","filed_at":"2026-08-28T21:00:08+00:00","discovered_at":"2026-08-28T21:02:01.824194+00:00","generated_at":"2026-08-28T21:02:28.376772+00:00","sec_items":["1.01","5.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Polar Power issues $165k convertible notes due Nov 2026; adds director Lewis Wilks","bullets":["Issued two convertible notes, $82,500 each, to LU2 Holdings and CL Investment Group; proceeds $150k after 9.1% OID.","Notes pay 1% monthly PIK interest; mature Nov 26, 2026; convert at lower of 80% of 5-day VWAP or $1.00/share.","Net proceeds from Roth Principal Investments equity facility must repay notes until fully satisfied.","Board expanded to six; Lewis Wilks (Bright Peaks Venture Capital) appointed independent director effective Aug 24, 2026.","Proceeds used for working capital/general corporate purposes; notes are senior unsecured obligations."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-040635","json":"https://secwatch.observer/filing/0001493152-26-040635.json","markdown":"https://secwatch.observer/filing/0001493152-26-040635.md","text":"https://secwatch.observer/filing/0001493152-26-040635.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1622345/000149315226040635/0001493152-26-040635-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1622345/000149315226040635/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-28T21:02:28.376772+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}