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POLA

Polar Power, Inc.
Nasdaq · Miscellaneous Electrical Machinery, Equipment & Supplies · EDGAR filings (CIK 1622345) · 31 signals · 2 setups · updated Aug 16, 2026

What the filings say Pressure ▼

Variable-priced paper is outstanding while the listing is under stress — the structure where dilution can accelerate. Watch the share count each quarter.

Radar 94 (high attention) · dilution pressure high · listing risk high · governance risk elevated · runway 0.3 mo · strongest signal: Equity line (Aug 11, 2026)

What would confirm: Rising share count in 10-Q cover vs prior quarter; repeated 424B3 resales; another reverse split proposal.
What would prove it wrong: Notes repaid in cash / equity line terminated (8-K 1.02); share count flat quarter over quarter.

Direction is stated for existing shareholders (▼ more shares / survival or listing risk; ▲ insiders or holders buying). It is a characterization of the filings, not a forecast or a recommendation.

94Radar · attention score (0–100)
93Dilution pressure · financing + balance sheet
77Listing risk · exchange standards
61Governance risk · reporting, auditor, going concern

Setups

Independent filings stitched into a thesis, each with what would confirm and what would prove it wrong.

Death-spiral watch Pressure ▼ strength 1.00

Variable-priced paper is outstanding while the listing is under stress — the structure where dilution can accelerate. Watch the share count each quarter. Discount-priced or variable-priced securities are outstanding while the company is managing its listing with reverse splits/notices. Each conversion lowers the price, which lowers the next conversion price.

Would confirm: Rising share count in 10-Q cover vs prior quarter; repeated 424B3 resales; another reverse split proposal.
Would invalidate: Notes repaid in cash / equity line terminated (8-K 1.02); share count flat quarter over quarter.
Convertible noteEquity lineReverse split

Shelf loaded Pressure ▼ strength 0.65

A fresh shelf is on file with under a year of cash — the ingredients of an offering before the next 10-K. First shelf registration in 12 months filed with ~0.3 months of runway. Companies rarely file a shelf they do not intend to use.

Would confirm: EFFECT notice followed by 424B5 or ATM sales agreement 8-K.
Would invalidate: Shelf lapses unused; positive OCF quarter.
Shelf filed

Analyst note

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Balance sheet (XBRL)

$27Kcash + short-term investments as of Mar 31, 2026
0.3 moestimated runway (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts])
$2.4Mstockholders' equity as of Mar 31, 2026
$3.0Mpublic float (10-K cover)
3.6Mshares outstanding as of May 20, 2026 · was 3.6M Apr 15, 2026

Runway = liquidity ÷ monthly operating burn at the latest reported period · balance sheet 138 days old. A financing after the balance-sheet date is the main reason a figure can be stale — check the timeline below for offerings since then.

Signal timeline

Last 30 days of filing signals plus current balance-sheet flags, newest first. ▼ pressure · ▲ support · hover a score for its components; every row links to the filing.

DateSignalEvidenceScore
Aug 14, 2026 Late filing (NT) NT 10-Q filed 2026-08-14 filing 47
Aug 11, 2026 Equity line “equity line” language in 8-K (EX-10.1) filed 2026-08-11 filing 51
Aug 11, 2026 Convertible note “convertible note” language in 8-K (EX-10.1) filed 2026-08-11 filing 45
Aug 11, 2026 ATM program “atm” language in 8-K (8-K) filed 2026-08-11 filing 38
Aug 11, 2026 PIPE “pipe” language in 8-K (8-K) filed 2026-08-11 filing 33
Aug 11, 2026 Unregistered sale 8-K Item 3.02 filed 2026-08-11 (accepted 17:25 ET) filing 32
Aug 11, 2026 Reverse split “reverse split” language in 8-K (EX-10.2) filed 2026-08-11 filing 32
Aug 11, 2026 Delisting language “delisting notice” language in 8-K (EX-10.1) filed 2026-08-11 filing 32
Aug 11, 2026 New debt obligation 8-K Item 2.03 filed 2026-08-11 (accepted 17:25 ET) filing 27
Aug 7, 2026 Offering (424B) 424B3 prospectus supplement 2026-08-07; 2 prior 424B filings in 12m filing 27
Aug 6, 2026 Shelf effective EFFECT notice 2026-08-06 filing 21
Jul 28, 2026 Equity line “equity line” language in 8-K (EX-10.5) filed 2026-07-28 filing 51
Jul 28, 2026 Convertible note “convertible note” language in 8-K (EX-10.1) filed 2026-07-28 filing 45
Jul 28, 2026 Equity line “equity line” language in 8-K (8-K) filed 2026-07-28 filing 45
Jul 28, 2026 ATM program “atm” language in 8-K (EX-10.6) filed 2026-07-28 filing 44
Jul 28, 2026 Convertible note “convertible note” language in 8-K (8-K) filed 2026-07-28 filing 39
Jul 28, 2026 Shelf filed S-1 filed 2026-07-28 filing 39
Jul 28, 2026 ATM program “atm” language in 8-K (8-K) filed 2026-07-28 filing 38
Jul 28, 2026 PIPE “pipe” language in 8-K (EX-10.1) filed 2026-07-28 filing 38
Jul 28, 2026 Unregistered sale 8-K Item 3.02 filed 2026-07-28 (accepted 18:30 ET) filing 37
Jul 28, 2026 Unregistered sale 8-K Item 3.02 filed 2026-07-28 (accepted 18:27 ET) filing 37
Jul 28, 2026 Reverse split “reverse split” language in 8-K (EX-10.2) filed 2026-07-28 filing 37
Jul 28, 2026 Material agreement terminated 8-K Item 1.02 filed 2026-07-28 (accepted 18:27 ET) filing 34
Jul 28, 2026 PIPE “pipe” language in 8-K (8-K) filed 2026-07-28 filing 33
Jul 28, 2026 Reverse split “reverse split” language in 8-K (EX-10.1) filed 2026-07-28 filing 32
Jul 28, 2026 Delisting language “delisting notice” language in 8-K (EX-10.1) filed 2026-07-28 filing 32
Jul 28, 2026 Delisting language “delisting notice” language in 8-K (EX-10.1) filed 2026-07-28 filing 32
Jul 28, 2026 New debt obligation 8-K Item 2.03 filed 2026-07-28 (accepted 18:27 ET) filing 29
Mar 31, 2026 Runway < 6 months ~0.3 months runway: liquidity $27,000 as of 2026-03-31, burn $1,061,000/yr (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts]) filing 45
Mar 31, 2026 Near $5M MVLS floor Public float $2,960,372 (as of 2025-06-30) vs $5M Nasdaq MVLS floor; needs price x shares confirmation filing 29
Mar 31, 2026 Cash < current liabilities Liquidity $27,000 vs current liabilities $9,057,000 filing 21

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