Polar Power, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $4.9M
- Price
- $1.13
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.74%
- Volume
- 25.5K
About
Polar Power, Inc., originally established in 1979 as Polar Products, Inc. before its name change in October 1991, is headquartered in Gardena, California. The company specializes in the engineering, manufacturing, and distribution of direct current (DC) power generators, renewable energy solutions, and cooling systems, serving both domestic and international markets. Its comprehensive product offerings include foundational DC power systems, various DC hybrid power configurations, solar-integrated DC hybrid power systems, and portable power units. These DC power solutions are designed to operate using diverse fuel sources, such as diesel, natural gas, LPG/propane, and other sustainable energy options. Polar Power caters to a broad spectrum of industries, including telecommunications, defense, commercial enterprises, industrial operations, and marine applications. The company distributes its products through a dedicated in-house sales team, complemented by a network of independent service providers and authorized dealers.
Quick stats
Shares outstanding4.3M
Computed float3.0M
Float / shares69.2%
Key info
SectorIndustrials
IndustryElectrical Equipment & Parts
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001622345
Websitehttps://www.polarpower.com
AI Summary
AI-generated1/16
majorbearishm and a
Solidion Technology (NASDAQ: STI) Sees no Basis to Increase Its Offer to Polar Power, Inc. (NASDAQ: POLA) in Response to Board Rejection of All-Cash Asset Acquisition Proposal
Solidion Technology publicly declined to raise its all-cash proposal to acquire substantially all of Polar Power's assets after POLA's board rejected the offer, saying it will not overpay for a 'severely distressed' company.
Solidion detailed Polar's distress: a $2.0 million net loss and $2.2 million of operating cash burn over the six months ended June 30, 2026, leaving just $183,000 in cash, plus dilutive financing including a $25 million equity facility and convertible notes converting at as low as $1.00 per share.
Polar also faces a NASDAQ minimum-equity deficiency (about $144,000 in stockholders' equity) with an October 28, 2026 compliance deadline, and its auditor flagged substantial going-concern doubt.
For POLA shareholders, the acquirer's public refusal to raise its bid weakens near-term deal leverage while reinforcing the dilution and delisting risks management itself has flagged.
Red flags
- acquirer publicly states no basis to raise its offer after board rejection
- going-concern doubt expressed by independent auditor in June 30, 2026 Form 10-Q
- NASDAQ minimum stockholders' equity deficiency with October 28, 2026 compliance deadline
- cash balance of only $183,000 against ongoing operating losses
- dilutive convertible notes with conversion tied to market price (80% of five-day VWAP or $1.00 cap)