Financing ·
Polar Power raises $2.9M in equity to regain Nasdaq compliance with minimum stockholders' equity requirement
POLAPolar Power, Inc.
Polar Power, Inc. filed this report to demonstrate regained compliance with Nasdaq Listing Rule 5550(b)(1), which requires a minimum of US$2.5 million in stockholders’ equity. The company achieved an estimated pro forma stockholders’ equity of approximately $2.9 million through a series of capital raising transactions and debt conversions completed between May and October 2026. These activities included the issuance of convertible notes, Series A Convertible Preferred Stock, and common stock to investors such as CFI Capital, Monroe Street Capital, LU2 Holdings, Roth Principal Investments, CL Investment, and Arthur Sams. The filings detail specific equity increases from these financings, including $164,100 from note conversions, $1.175 million from preferred stock issuances, and nearly $1 million in net proceeds from common stock sales. Nasdaq will continue to monitor ongoing compliance, with the next periodic report serving as a key checkpoint for maintaining listing status. Polar Power develops and manufactures power systems and energy storage solutions.