Polar Power Clarifies Roth Equity Facility Activity; Confirms No Company Sales Since October 19
Globe Newswire•04/11/2026•16:05 ET
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Key Highlights
- ➤776,148 shares issued under ELOC, generating $989,181 net proceeds
- ➤No Roth ELOC shares sold since October 19, 2026
- ➤Polar Power currently plans no additional ELOC issuance at prevailing valuations
- ➤Nasdaq confirms compliance with $2.5 million stockholders’ equity requirement
- ➤ELOC remains active; company has not announced new financing
Expert Statements
Chris Mayer, Co-Chief Executive Officer of Polar Power
“We want shareholders to have clear facts about the Company’s use of the Roth facility. We have not issued or sold shares through this ELOC since October 19. We believe transparency about the actual number of shares issued and the proceeds received is especially important amid recent market volatility.”
Chris Mayer, Co-Chief Executive Officer of Polar Power
“We are confident in Polar Power’s technologies, manufacturing capabilities and long-term potential. At today’s valuations, we do not believe selling additional equity through this facility is an attractive financing choice for the Company or its shareholders. We intend to be disciplined about dilution while continuing to address our financial and operating priorities.”
Chris Mayer, Co-Chief Executive Officer of Polar Power
“Nasdaq’s recent compliance determination and our ongoing restructuring are meaningful steps. Our priority remains building a more efficient, scalable business, improving financial flexibility and positioning Polar Power to pursue future revenue growth.”
Company discloses historical ELOC issuances and states it does not currently intend to issue additional shares at valuations it considers excessively dilutive
GARDENA, Calif., Nov. 04, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA) (the “Company”), a provider of DC power generation and integrated energy solutions, today confirmed that it has not issued or sold any common shares to Roth Principal Investments (“Roth”) under its existing equity line of credit (“ELOC”) since October 19, 2026.
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