Polar Power holds annual shareholder meeting
POLA•Polar Power shareholders authorized a discretionary 1-for-3 to 1-for-20 reverse stock split before December 31, 2027, and approved potential non-public financing issuances that could exceed 19.99% of outstanding common stock or voting power, potentially below the minimum price.
1. Shareholder approvals
At its October 14, 2026 annual meeting, Polar Power shareholders authorized the company to effect a discretionary 1-for-3 to 1-for-20 reverse stock split before December 31, 2027. They also approved potential issuance of common stock or convertible or exercisable securities in non-public financing transactions, including issuances exceeding 19.99% of outstanding common stock or voting power and potentially below the minimum price.
2. Other meeting results
Shareholders elected all six director nominees and ratified Weinberg & Company as independent auditor for the year ending December 31, 2026.
