POLA · Polar Power, Inc.

Polar Power, Inc. faces a critical compliance challenge with Nasdaq's minimum stockholders' equity standard under Listing Rule 5550(b)(1), reporting only $144,000 as of December 31, 2025, far below the $2.5 million threshold outlined in Nasdaq's Company Guide Section 1003(a)(i). This deficiency activates Listing Rule 5810(c)(2), providing a structured path: 45 days from May 1, 2026, to submit a detailed plan to regain compliance, with up to 180 additional days if accepted. Failure at either stage initiates delisting proceedings, though appealable to a Nasdaq Hearings Panel. The company is actively developing this plan, signaling urgency to address the equity shortfall. Notably, management anticipates a substantial improvement in stockholders' equity by March 31, 2026, driven by preliminary internal financial results, though this remains preliminary pending finalization of Q1 statements. Trading of POLA shares continues uninterrupted on Nasdaq, preserving current market access during remediation. This event underscores balance sheet vulnerabilities but does not alter ongoing operations or SEC obligations, focusing investor attention on the company's execution of its compliance strategy within the tight timeline.