Polar Power says it regains compliance with Nasdaq equity requirement
POLA•Polar Power believes it has regained compliance with Nasdaq’s stockholders’ equity requirement after financings and debt conversions, with preliminary pro forma equity of about $2.9 million against a $2.5 million minimum. Nasdaq will continue monitoring compliance, and failure to demonstrate it in the next periodic report could result in delisting.
1. Equity exceeds minimum
Polar Power said it believes it has regained compliance with Nasdaq’s stockholders’ equity requirement following financings and debt conversions. Preliminary pro forma stockholders’ equity reached approximately $2.9 million, above the $2.5 million minimum under Nasdaq Listing Rule 5550(b)(1).
2. Nasdaq monitoring continues
Nasdaq issued a deficiency letter on May 1, 2026, citing noncompliance with the equity requirement. An extension granted on June 29 required a public report demonstrating compliance by October 28, 2026. Nasdaq will continue monitoring the company, and failure to demonstrate compliance in its next periodic report could result in delisting.
