Highest-materiality recent filing
Polar Power issues $275K convertible note to Mayers Ventures with 10% OID and board seat
Issued $275,000 convertible promissory note to Mayers Ventures LLC; consideration $250,000 (10% OID).
Polar Power gets Nasdaq extension to Oct 28, 2026 to regain stockholders' equity compliance
Stockholders' equity was only $144,000 as of Dec 31, 2025, triggering Nasdaq Rule 5550(b) deficiency.
Polar Power Q1 net loss narrows 86% to $178K; gross margin expands to 65.7%
Q1 net loss of $178K vs $1.265M year ago; loss per share $(0.05) vs $(0.50).
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.
Polar Power regains Nasdaq compliance; delisting hearing cancelled
Received Nasdaq letter on Dec 23, 2024 confirming compliance with minimum bid price rule.
Nasdaq notified Polar Power on Nov 19, 2024, of delisting due to failure to meet $1 minimum bid price by deadline.
Net sales of $4.9M, up 157% YoY, third consecutive quarter of sequential improvement.
Polar Power prelim Q3 revenue $4.7-$5.2M (+147-174% YoY); gross margin 26-32%; near breakeven
Preliminary Q3 net sales $4.7M-$5.2M, growth of 147%-174% YoY; gross margin improved to 26%-32%.
Polar Power swings to Q2 profit with $501K net income; sales up 163% sequentially
Net sales $4.6M, up 163% sequentially from Q1; gross margin improved to 39.3% from 26.4%.
Polar Power gets 180-day Nasdaq extension to Nov 18, 2024 for $1 bid price rule
Received Nasdaq notification on May 30, 2024 granting 180 extra days to meet $1.00 minimum bid price.
Polar Power Q1 net sales drop 57% to $1.8M; net loss widens to $2.1M
Net sales of $1.8M vs $4.2M in Q1 2023; net loss of $2.1M ($0.12 per share) vs $1.1M ($0.09) a year ago.
Polar Power FY2023 net loss widens to $6.5M; Q4 revenue up 90% sequential, Q1 2024 bookings $5.1M
FY2023 net sales $15.3M (down 5% YoY); net loss $6.5M (($0.49)/share) vs. $5.6M loss in FY2022.
Polar Power receives Nasdaq notice for non-compliance with independent director rule
Nasdaq notified Polar Power on Jan 5, 2024 of non-compliance with Listing Rule 5605 due to director Peter Gross's resignation.
Polar Power closes public offering of 4.6M shares at $0.40, raising $1.84M gross
Offering of 4,000,000 shares upsized to 4,600,000 shares after underwriter exercised over-allotment in full.
Polar Power receives Nasdaq deficiency notice for bid price below $1.00
Common stock bid price closed below $1.00 for 30 consecutive business days, triggering the Bid Price Rule.
Polar Power Q3 revenue $1.9M (+12% YoY), net loss narrows to $1.8M
Q3 net sales $1.9M (+12% YoY); net loss $1.8M ($0.14/sh) vs $2.3M loss ($0.19/sh) in Q3 2022.
Polar Power Q3 net sales down 59% to $1.7M; net loss $2.3M vs income of $942K last year
Net sales $1.7M in Q3 2022, down 59% from $4.1M in Q3 2021 due to supply chain constraints.
Polar Power Q2 net sales $4.2M, down 12% YoY; net loss narrows to $739K
Net sales $4.2M vs $4.8M in Q2 2021, a 12% decline; 6-month sales $7.9M down 2%.
Polar Power Q1 sales +13% to $3.7M; net loss narrows to $1.1M; backlog rises to $13M
Net sales $3.7M (+13% YoY); gross profit $905K vs. gross loss $58K; net loss $1.1M ($0.10/shr) vs. $1.9M ($0.15).
Polar Power Q3 net sales up 65% to $4.1M; net income $0.9M vs loss
Net sales Q3 2021 $4.1M, up 65% YoY; nine-month $12.2M, up 89% YoY.
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.
On May 14, 2026, 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.
On May 14, 2026, 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.
As previously disclosed, Peter Gross, a member of the Board of Directors (the “Board”) of Polar Power, Inc. (the “Company”), resigned as a member of the Board of Directors of the Company.
The remaining members of the Board appointed and ratified Mr. Michael G. Field, to serve as a member of the Board, effective as of July 25, 2024, and to assume the position of Mr. Gross as a member of the audit committee, chair of the compensation committee and chair of the nominating and corporate governance committee of the Board.
notified the Company of his intention to resign from the Company’s Board of Directors for personal reasons, effective immediately.
On January 10, 2022, Rajesh Masina notified Polar Power, Inc. (the “Company”) of his resignation from the position of the Chief Operating Officer of the Company, effective January 21, 2022.
Max materiality 0.90 · Median 0.60 · Most common event earnings