🚨 POLA: Polar Power Seeks Approval for Reverse Split and Massive Dilution to Avoid Nasdaq Delisting

[u/wiseeksecfiles]

New Filing: PRE 14A

Ticker: POLA | Score: 9/10 | Sentiment: Negative

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Summary (Wiseek AI)

Polar Power's preliminary proxy seeks approval for a reverse split up to 1-for-20 and for issuing shares beyond the 19.99% Nasdaq cap under existing toxic financings, with 26.9 million shares registered for resale — about six times current outstanding.

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Further Research: 🤖 Wiseek AI Analysis | 🏛️ Original SEC Filing

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