Going Concern (worsened) — Net loss nearly doubled to $9.1M and cash burn doubled to $1.1M, intensifying substantial doubt about ability to continue as going concern.
Covenant Violation (new) — Company breached Pinnacle Bank's tangible net worth covenant and entered forbearance agreement requiring full repayment by July 31, 2026.

NASDAQ: POLA Polar Power, Inc. 10-K

Polar Power faces eviction, lender forbearance, and $9.1M loss amid 55% revenue collapse

Filed April 15, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 31, 2025 · ~2 min read

5 material changes detected in this filing.

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Generated by AI · Jun 3, 2026 4:41 AM