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Polar Power receives Nasdaq confirmation of compliance with $2.5M minimum stockholders' equity requirement
POLAPolar Power, Inc.
Polar Power, Inc. received written confirmation from the Nasdaq Listing Qualifications Department that it complies with the $2.5 million minimum stockholders’ equity requirement under Nasdaq Listing Rule 5550(b)(1). The determination is based on the company's Form 8-K dated October 23, 2026. Nasdaq cautioned that Polar Power must continue to evidence compliance in its next periodic report and may be subject to delisting proceedings if it fails to do so. Concurrently, the company announced the beginning of Phase 2 of its restructuring program, which targets approximately $2 million in total annualized savings following $1.03 million achieved in Phase 1. The company is also evaluating refinancing and capital-raising alternatives to improve liquidity. Polar Power designs, manufactures and sells direct-current power generators, renewable energy systems and integrated power solutions for telecommunications, defense, robotics, data center infrastructure, distributed energy and other critical-power applications.