Red Flags Detected
- Going Concern (new) — Auditor raised substantial doubt about the company's ability to continue as a going concern in the 2025 10-K audit report.
- Covenant Violation (new) — Company violated tangible net worth covenant with Pinnacle Bank at both period-ends, triggering forbearance agreement requiring full repayment by July 31, 2026.
Polar Power evicted from headquarters, faces supplier cutoffs amid covenant breach
Filed May 20, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 15, 2025 · ~1 min read
5 material changes detected in this filing.
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View original filing on SEC.gov
Generated by AI · May 25, 2026 6:50 AM