Polar Power, Inc. issued two convertible promissory notes to LU2 Holdings LLC and CL Investment Group LLC with an aggregate principal amount of $165,000 for consideration of $150,000. The notes bear interest at 1% per month and mature on November 26, 2026, converting into common stock at the lower of 80% of the five-day VWAP or $1.00 per share if unpaid. Proceeds from a separate Common Stock Purchase Agreement with Roth Principal Investments LLC will be used to repay these notes. Additionally, the Board expanded its size to six directors and elected Lewis Wilks as an independent director effective August 24, 2026. Polar Power operates in the power generation industry, designing and manufacturing portable power systems.

Polar Power, Inc. appointed Jim Ahern and Menachem Shalom to its Board of Directors on August 17, 2026, filling two vacancies. Both directors serve on the Audit, Compensation, and Nominating and Corporate Governance Committees. Mr. Shalom was designated by Mayers Ventures LLC pursuant to a convertible promissory note issued on June 30, 2026. The appointments aim to strengthen board expertise in corporate governance, defense markets, and strategic growth as the company expands military sales and executes restructuring strategies. Polar Power designs, manufactures, and sells power and energy systems for telecommunications, defense, data centers, and critical infrastructure applications.

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.

On July 27, 2026, Polar Power, Inc. entered into a Common Stock Purchase Agreement with Roth Principal Investments, LLC, establishing a committed equity facility allowing the company to sell up to $25,000,000 of newly issued common stock. The company holds sole discretion over the timing and amount of sales, which are subject to conditions including the effectiveness of a resale registration statement. Proceeds, if any, will be used for working capital and general corporate purposes, including the growth of its DC power systems business. The agreement includes a $500,000 commitment fee and requires the company to reimburse legal fees. Polar Power, Inc. designs, manufactures, and sells direct current power systems for telecommunications, military, and industrial applications.

Polar Power, Inc. entered into a Securities Purchase Agreement with LU2 Holdings LLC to issue Series A Convertible Preferred Stock and warrants. The company issued 500 preferred shares with a $1,000 stated value for $450,000 in cash. Warrants to purchase 150,915 shares of common stock were issued to the investor, and warrants for 83,841 shares were issued to Mayers Ventures LLC to settle a $275,000 convertible promissory note. The preferred stock accrues dividends at 10% per annum and converts at 90% of the lowest seven-day VWAP. The company also amended the Mayers note to allow equity financings and terminated its ATM sales agreement with ThinkEquity LLC effective July 23, 2026. Additionally, the company filed a Certificate of Correction to fix a drafting error in the preferred stock designation regarding the conversion price calculation. Polar Power, Inc. designs and manufactures power conversion and energy storage systems.

Polar Power, Inc. established a series of Series A Convertible Preferred Stock with a stated value of $1,000 per share and 25,000 shares reserved for issuance. The preferred stock carries a monthly accruing dividend at an annual rate of 10% and is convertible into common stock at a market conversion price equal to 90% of the lowest seven-day VWAP across three specific measurement dates. The company has not yet issued or sold any of these shares. Polar Power, Inc. is a technology company focused on power solutions.