
Company discloses historical ELOC issuances and states it does not currently intend to issue additional shares at valuations it considers excessively dilutive
Polar Power, Inc. designs, manufactures, and sells direct current (DC), power generators, renewable energy, and cooling systems in the United States and internationally. The company is headquartered in Gardena, California.
| Revenue (TTM) | $4.62M |
| Gross Profit (TTM) | $-3.60M |
| EBITDA | $-8.34M |
| Operating Margin | -164.00% |
| Return on Equity | -245.00% |
| Return on Assets | -39.30% |
| Revenue/Share (TTM) | $1.50 |
| Book Value | $0.23 |
| Price-to-Book | 2.24 |
| Price-to-Sales (TTM) | 0.37 |
| EV/Revenue | 1.229 |
| EV/EBITDA | -4.27 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | -62.40% |
| Shares Outstanding | $5.14M |
| Float | $3.11M |
| % Insiders | 74.29% |
| % Institutions | 4.87% |
Volatility is currently expanding

Company discloses historical ELOC issuances and states it does not currently intend to issue additional shares at valuations it considers excessively dilutive

Following $1.03 million in completed annualized cost reductions, Polar targets approximately $2 million in total annualized savings, inclusive of Phase 1 of its Restructuring, while positioning operations to support scalable revenue growth

Company strengthens operating platform while focusing on backlog conversion and accelerating growth across telecom, defense and distributed power markets

Warns Polar Power Shareholders that the Company is "Severely Distressed" DALLAS, Oct. 6, 2026 /PRNewswire/ -- Solidion Technology, Inc. (NASDAQ: STI) ("Solidion Technology" or "the Company"), an advanced battery technology solutions provider, today reaffirmed its disciplined acquisition strategy and commitment to maximizing shareholder value. Additionally, the Company responded to the decision of the Board of Directors of Polar Power, Inc. (NASDAQ: POLA) ("Polar Power" or "POLA") to reject Solidion's previously submitted all-cash proposal to acquire substantially all of Polar Power's assets.

Company remains focused on maximizing shareholder value and evaluating credible strategic opportunities GARDENA, Calif., Oct. 05, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA) (the “Company”), a global provider of prime, backup and solar hybrid power solutions, today announced that its Board of Directors has rejected an all-cash proposal from Solidion to acquire all of the Company's assets.

Initial order potential first step to a multi-year deployment program. GARDENA, Calif.

GARDENA, Calif., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA), a global provider of prime, backup and renewable power solutions, today announced that it has reduced its outstanding indebtedness with Pinnacle Bank to approximately $1.667 million, down from approximately $4.7 million reported as of September 30, 2025.

MSI Defense Solutions Selects Polar Power's DC Power System to Support Its Advanced AI-Powered Anti-Drone and Anti-Missile Systems.

Company applies more than three decades of DC power expertise to growing demand for mobile power and charging systems supporting modern unmanned military platforms.

New Directors Bring Extensive Corporate Leadership, Defense, Technology and Sales / Distribution Experience GARDENA, Calif., Aug. 18, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA), a global provider of power and energy solutions for defense, telecommunications, data center and other critical infrastructure applications, today announced the appointment of Jim Ahern and Menachem “Menny” Shalom to its Board of Directors.
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