# Polar Power, Inc. (POLA) — capital_raise/atm_program [completed]
Source: SEC API (secapi.ai) · situation sit_83c8bd8dcc3310f95b73 · retrieved 2026-08-11T15:50:48.688Z

## Overview
Polar Power, Inc. manufactures DC power systems and power generation equipment.

Polar Power, Inc. entered into a Common Stock Purchase Agreement with Roth Principal Investments, LLC on July 27, 2026, granting the Company the right to sell up to $25,000,000 of newly issued common stock at the Company's sole discretion over a 36-month period beginning on the Commencement Date (when registration statement becomes effective). The Company will pay Roth Principal Investments a $500,000 commitment fee (2.0% of the $25,000,000 commitment), to be satisfied through 10% withholdings from purchase prices until the full amount is received. The Company also agreed to reimburse Roth Principal Investments $100,000 for legal fees upon execution and up to $7,500 per fiscal quarter for ongoing due diligence. Share issuances are subject to a 19.99% Exchange Cap (769,952 shares) unless stockholder approval is obtained, and a 4.99% beneficial ownership limitation. The Company may terminate the agreement after Commencement with 5 trading days' notice, but must pay any shortfall of the $500,000 commitment fee if termination occurs within 90 days of the Registration Statement's effective date.

## Terms
- Counterparty: Roth Principal Investments, LLC · Deal value: $25.0M · Consideration: stock

## Key dates
- Announced 2026-07-27 · Expiry 2027-12-30 · Expected close 2026-06-30 · Completed 2026-07-07

## Timeline
- 2026-07-07 · 8-K (0001493152-26-032382): Polar Power issues $275K convertible note to Mayers Ventures; 10% PIK interest, matures Dec 2027 — *Polar Power, Inc. manufactures miscellaneous electrical machinery and equipment.* On June 30, 2026, Polar Power, Inc. issued a convertible promissory note to Mayers Ventures LLC with a principal amount of $275,000 and a consideration price of $250,000 (reflecting a 10% original issuance discount). The note bears interest at 10% per annum, paid in kind (PIK), with a maturity date of December 30, 2027. Mayers has the right to convert the outstanding principal and accrued interest into common stock at a conversion price equal to 90% of the lowest daily VWAP in the 7 trading days preceding the conversion notice, subject to a floor price. Mayers also has the right to designate one individual for appointment to the company's board of directors.
  https://www.sec.gov/Archives/edgar/data/1622345/0001493152-26-032382.txt
- 2026-07-27 · 8-K (0001493152-26-034876): 8-K - Polar Power, Inc. — *Polar Power, Inc. manufactures miscellaneous electrical machinery, equipment and supplies.* Polar Power, Inc. entered into a Securities Purchase Agreement with LU2 Holdings LLC on July 21, 2026, to issue up to $500,000 in stated value of Series A Convertible Preferred Stock at a purchase price of $450,000 (90% of stated value). The Company issued 500 Preferred Shares to LU2 Holdings and warrants to purchase 150,915 shares of Common Stock at an exercise price equal to the closing price on the trading day prior to closing. Additionally, the Company issued warrants to Mayers Ventures LLC to purchase 83,841 shares of Common Stock at an exercise price of $1.64. The Preferred Shares bear a 10% per annum dividend, accruing monthly, and are convertible into Common Stock at the Market Conversion Price (90% of the lowest VWAP over seven consecutive trading days preceding conversion, but not less than the floor price).
  https://www.sec.gov/Archives/edgar/data/1622345/0001493152-26-034876.txt
- 2026-07-27 · 8-K (0001493152-26-034878): 8-K - Polar Power, Inc. — *Polar Power, Inc. manufactures DC power systems and power generation equipment.* Polar Power, Inc. entered into a Common Stock Purchase Agreement with Roth Principal Investments, LLC on July 27, 2026, granting the Company the right to sell up to $25,000,000 of newly issued common stock at the Company's sole discretion over a 36-month period beginning on the Commencement Date (when registration statement becomes effective). The Company will pay Roth Principal Investments a $500,000 commitment fee (2.0% of the $25,000,000 commitment), to be satisfied through 10% withholdings from purchase prices until the full amount is received. The Company also agreed to reimburse Roth Principal Investments $100,000 for legal fees upon execution and up to $7,500 per fiscal quarter for ongoing due diligence. Share issuances are subject to a 19.99% Exchange Cap (769,952 shares) unless stockholder approval is obtained, and a 4.99% beneficial ownership limitation. The Company may terminate the agreement after Commencement with 5 trading days' notice, but must pay any shortfall of the $500,000 commitment fee if termination occurs within 90 days of the Registration Statement's effective date.
  https://www.sec.gov/Archives/edgar/data/1622345/0001493152-26-034878.txt

## Citations
- 0001493152-26-032382 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226032382
- 0001493152-26-034876 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226034876
- 0001493152-26-034878 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226034878