POLA$0.5071-6.79%
Polar Power, Inc.
Sector: Miscellaneous Electrical Machinery, Equipment & SuppliesIndustry: Electrical Equipment & PartsCountry: USExchange: Nasdaq
Mkt Cap:$2.6M
Float & O/S:
Inst Own:
DilutionScan read 39 of Polar Power, Inc.'s SEC filings and found 8 warrant series, 15 convertibles, 1 ATM program, 1 equity line, 1 shelf registration, 2 S-1 registrations and 13 completed offerings on file for POLA. The latest dilution event on file is an agreed share issuance on Oct 22, 2026. Analysis updated Nov 1, 2026.
Signal8 Summary
POLA
Going-concern warning, severe dilution overhang
- Business
- WeakRevenue down 55% to $6.3M, net loss $9.1M
- Stock risk
- HighGoing concern, death-spiral converts, 2nd reverse split
Snapshot
Polar Power makes DC power generators for telecom and defense customers, but FY 2025 revenue fell 55% to $6.3 million and the company lost $9.1 million, more than the entire revenue base.
What's Happening Right Now
- : Polar Power completed Phase 1 of a restructuring cutting about $1.03 million in annualized costs, while pointing to a $4.5 million sales backlog and a 50-unit telecom trial order as it tries to convert backlog into cash.
- : On October 14, 2026, stockholders approved a board-discretion reverse split of 1-for-3 to 1-for-20 (the company's second in two years) along with authority to issue over 19.99% of shares in non-public financings below Nasdaq minimums.
- : Polar Power named Chris Mayer as Co-CEO overseeing public-company, strategy and finance duties, with Arthur Sams staying on as Co-CEO focused on sales, engineering and manufacturing.
- : Polar Power's board rejected an undisclosed all-cash proposal from Solidion to buy all of the company's assets, saying it undervalued the business, while staying open to other strategic alternatives.
- : CEO Arthur Sams converted $614,700 of promissory notes into Series A Convertible Preferred stock plus warrants, retiring most of his outstanding notes in a related-party deal meant to help the company meet Nasdaq's equity requirement.
- : Polar Power has stacked multiple filings registering resale shares (most recently 8,653,774 shares, over 200% of shares outstanding) from deeply discounted convertible notes, Series A Preferred and a $25 million Roth equity facility, while disclosing going-concern doubt and a Nasdaq stockholders'-equity deadline of October 28, 2026.
- : The Q2 2026 10-Q disclosed going-concern doubt, a 62% YoY sales decline to $1.0 million, just $183,000 of cash after burning $2.17 million in six months, an expired Pinnacle Bank forbearance on a $2.73 million credit line, and a prior eviction from its headquarters over unpaid rent.
