Financing ·
Polar Power, Inc. consummated a subsequent closing of its Series A Convertible Preferred Stock offering on August 5…
POLAPolar Power, Inc.
Polar Power, Inc. consummated a subsequent closing of its Series A Convertible Preferred Stock offering on August 5, 2026, issuing 1,111 shares to CL Investment Group LLC and LU2 Holdings LLC for aggregate gross proceeds of $999,700. The company also issued warrants exercisable at $1.65 per share, entitling investors to purchase a combined total of 302,940 common stock shares. Following this transaction, 1,611 shares of Series A Convertible Preferred Stock are outstanding. Polar Power operates in the power generation and energy storage industry.