Polar Power, Inc. — Form 8-K
Filed August 28, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 78/100
What the filing says
Polar Power, Inc. issued a convertible promissory note on August 28, 2026, for $82,500 principal amount ($75,000 consideration with 9.1% original issue discount). The note accrues 1% monthly interest (paid-in-kind), matures November 26, 2026, and converts into common stock at the lower of 80% of 5-day VWAP or $1.00/share. The holder can demand repayment at 130% of outstanding amounts ($107,250 minimum) upon specified events of default; default interest rises to 18% annually. The note is unsecured, senior to all other debt and equity, and includes broad change-of-control prepayment rights and extensive financial covenants.
Why this rating
For a $3M market-cap company, $82.5K debt (~2.8% of market cap) is material but not catastrophic. However, aggressive terms—1% monthly PIK interest, 18% default rate, 130% mandatory default penalty, 9.99% ownership cap, and broad event-of-default triggers—create substantial dilution risk and financial pressure. The November maturity and forced conversion mechanism pose near-term refinancing/dilution challenges. Negative equity impact likely; restructuring/dilution risk is real.
Tradability signal
NO TRADE
No trade: only ~$0k traded in the last 30 min — too illiquid to enter and exit.
Derived from this site's own measured outcomes + live price/liquidity at analysis time. An experiment, not investment advice.
Price action (we called it negative)
before filing · preread $1.42 ▲ 0.00% | at our read · backfill $1.42 | +10 min · backfill $1.42 ▲ 0.00% | +30 min · backfill $1.41 ▼ 0.70% |
The stock had already moved +0.00% between hitting EDGAR and our read finishing — deltas above are measured from our read.
Quotes via Yahoo Finance at capture time; for filings arriving outside market hours the clock starts at the next open. Not investment advice. How accurate are our calls? →
See more from August 28, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.