Polar Power Faces Delisting Concerns
Ticker: POLA · Form: 8-K · Filed: Jun 3, 2024 · CIK: 1622345
| Field | Detail |
|---|---|
| Company | Polar Power, Inc. (POLA) |
| Form Type | 8-K |
| Filed Date | Jun 3, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $1.00 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards
TL;DR
Polar Power might get delisted, check their listing status.
AI Summary
Polar Power, Inc. filed an 8-K on June 3, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard as of May 30, 2024. The company is based in Gardena, California, and its principal executive offices are located at 249 E. Gardena Boulevard.
Why It Matters
This filing indicates potential issues with Polar Power's continued listing on an exchange, which could impact its stock trading and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock viability and market presence.
Key Players & Entities
- Polar Power, Inc. (company) — Registrant
- May 30, 2024 (date) — Date of earliest event reported
- June 3, 2024 (date) — Filing date
- 249 E. Gardena Boulevard, Gardena, California 90248 (address) — Principal Executive Offices
FAQ
What specific listing rule or standard has Polar Power, Inc. failed to satisfy?
The filing does not specify the exact rule or standard that Polar Power, Inc. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the exact date of the event triggering this 8-K filing?
The date of the earliest event reported is May 30, 2024.
What is the company's principal executive office address?
The company's principal executive offices are located at 249 E. Gardena Boulevard, Gardena, California 90248.
What is the Commission File Number for Polar Power, Inc.?
The Commission File Number for Polar Power, Inc. is 001-37960.
What is the IRS Employer Identification Number for Polar Power, Inc.?
The IRS Employer Identification Number for Polar Power, Inc. is 33-0479020.
Filing Stats: 580 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-06-03 06:30:26
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share POLA The NASDAQ Stock Mar
- $1.00 — mmon stock has closed below the minimum $1.00 per share requirement for continued inc
Filing Documents
- form8-k.htm (8-K) — 34KB
- 0001493152-24-022300.txt ( ) — 201KB
- pola-20240530.xsd (EX-101.SCH) — 3KB
- pola-20240530_lab.xml (EX-101.LAB) — 33KB
- pola-20240530_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 3, 2024 POLAR POWER, INC. By: /s/ Arthur D. Sams Arthur D. Sams President, Chief Executive Officer and Secretary