---
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"
generated_at: "2026-08-28T21:02:28.376772+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Polar Power issues $165k convertible notes due Nov 2026; adds director Lewis Wilks

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-040635
- JSON: https://secwatch.observer/filing/0001493152-26-040635.json
- Plain text: https://secwatch.observer/filing/0001493152-26-040635.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.