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Polar Power Secures $165,000 in Convertible Promissory Notes

PRIVATEAug 24, 2026•5 days ago

Amount Raised

$165,000

Round Type

Convertible Note

United StatesManufacturingEnergyRenewable EnergySolar

Investors

Cl Investment Group LlcLu2 Holdings Llc

Description

On August 28, 2026, Polar Power, Inc. issued two convertible promissory notes totaling $165,000 to LU2 Holdings LLC and CL Investment Group LLC. The notes will mature on November 26, 2026, and bear an interest rate of 1% per month. If not repaid by the maturity date, the notes will convert into shares of common stock at a specified price

Company Information

Company

POLAR POWER

Location

United States

About

Polar Power, Inc. is a technology company based in Gardena, California, primarily engaged in the design, manufacturing, and marketing of power generation and management systems. The company operates in the renewable energy sector, focusing on providing solutions for localized power generation, particularly through its range of DC power systems and renewable energy products. Polar Power serves various markets including telecommunications, military, and commercial sectors, aiming to enhance energy efficiency and sustainability. As of the date of this filing, the company is publicly traded under the ticker symbol POLA on The NASDAQ Stock Market, indicating its size and sector influence. The company continues to innovate in its strategic focus on advancing clean energy technologies.

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