Katherine Koster
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.
Highest-materiality recent filing
Issued two 6% convertible notes totaling $970.6K principal; net proceeds $807.1K; conversion at 80% of 10-day VWAP.
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.
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.
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