Polar Power rejects Solidion all-cash offer for company assets
POLA•Polar Power rejected Solidion’s all-cash offer for its assets, saying the proposal materially undervalues its assets and growth opportunities.
1. Offer rejected
Polar Power’s board determined that Solidion’s all-cash proposal materially undervalues the company’s assets and growth opportunities. The company said it will continue its existing business strategy while remaining open to strategic alternatives.
