{"filing":{"accession_number":"0001493152-26-032382","cik":"0001622345","ticker":"POLA","company_name":"Polar Power, Inc.","form":"8-K","filing_date":"2026-07-07","report_date":null,"primary_document":"form8-k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1622345/000149315226032382/form8-k.htm"},"events":[{"id":16531,"run_id":14770,"accession_number":"0001493152-26-032382","anchor_item_number":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"Polar Power issued a convertible promissory note to Mayers Ventures LLC for $250,000 consideration with conversion rights into common stock at a price equal to 90% of the lowest daily VWAP in the 7 trading days prior to conversion. The filing explicitly discloses this under Item 3.02 (Unregistered Sales of Equity Securities), and the convertible structure with a below-market conversion floor and registration rights agreement creates material dilution risk to existing shareholders. The investor also gains board designation rights, indicating a significant capital raise with equity upside.","company_name":"Polar Power, Inc.","ticker":"POLA","filing_date":"2026-07-07","form":"8-K","submitted_at":null,"items":null}],"classifications":[{"id":14665,"accession_number":"0001493152-26-032382","item_number":null,"item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Polar Power issued a convertible promissory note to Mayers Ventures LLC for $250,000 consideration with conversion rights into common stock at a price equal to 90% of the lowest daily VWAP in the 7 trading days prior to conversion. The filing explicitly discloses this under Item 3.02 (Unregistered Sales of Equity Securities), and the convertible structure with a below-market conversion floor and registration rights agreement creates material dilution risk to existing shareholders. The investor also gains board designation rights, indicating a significant capital raise with equity upside.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-07T21:26:38.161330+00:00","company_name":"Polar Power, Inc.","ticker":"POLA","filing_date":"2026-07-07"}]}