Highest-materiality recent filing
Issued two 6% convertible notes totaling $970.6K principal; net proceeds $807.1K; conversion at 80% of 10-day VWAP.
Revolving credit facility up to $2.5M, 12% interest, one-year maturity; lender has sole discretion on draws.
Polar Power faces Nasdaq delisting due to stockholders' equity of only $144K vs $2.5M minimum
Received Nasdaq letter on May 1, 2026 for non-compliance with Listing Rule 5550(b)(1) due to low equity.
Shareholders approve 2026 equity plan; say-on-pay frequency set to annual
2026 Equity Incentive Plan approved with 862,506 for, 40,576 against, 508 abstain.
Polar Power Q3 net loss $4.1M on 74% sales decline; inventory write-down $1.97M
Net sales $1.3M, down 74% from $4.9M YoY; gross loss of $2.26M vs. prior gross profit of $1.4M.
Polar Power enters ATM equity offering up to $2,382,043 with ThinkEquity
ATM sales agreement with ThinkEquity LLC allows at-the-market sales of common stock up to $2,382,043.
Polar Power Q2 net loss $271K; revenue down 42% YoY to $2.7M
Net loss of $271K ($0.11 per share) vs net income of $501K ($0.20 EPS) in Q2 2024.
Polar Power Q1 net loss narrows 41% to $1.2M; gross margin turns positive
Net sales $1.7M flat YoY; net loss $1.2M ($0.50 EPS) vs $2.1M ($0.85) a year ago.
Polar Power reports FY 2024 net loss of $4.6M; sales down 6.7% but gross margin improved to 9.4%
Sales $14M, down 6.7% YoY; net loss $4.6M ($1.86/share) vs $6.5M ($3.45/share) in 2023.
Keith Albrecht and Katherine Koster, two of the Company’s independent directors, resigned as members of the Board of the Company, effective May 19, 2026.
Max materiality 0.85 · Median 0.60 · Most common event earnings