Polar Power receives Nasdaq extension to cure stockholders' equity deficiency
Polar Power received a deficiency notice from Nasdaq on May 1, 2026, citing non-compliance with Listing Rule 5550(b) after reporting only $144,000 in stockholders' equity as of December 31, 2025. The company submitted a compliance plan on June 15, 2026, and Nasdaq granted an extension on June 29, 2026, requiring the company to evidence compliance by October 28, 2026, either by filing a report disclosing a completed transaction that restored equity or by providing a pro forma balance sheet dated no older than 60 days. If the company fails to evidence compliance in its periodic report for the year ending December 31, 2026, it may be subject to delisting.
Key facts
- Nasdaq deficiency letter dated May 1, 2026 citing Listing Rule 5550(b) non-compliance
- $144,000 in stockholders' equity as of December 31, 2025
- Compliance deadline: on or before October 28, 2026
- Company submitted compliance plan on June 15, 2026
- Extension granted June 29, 2026
- Two alternatives to evidence compliance: completed transaction disclosure or pro forma balance sheet no older than 60 days
Why it matters
Polar Power has until October 28, 2026, to restore stockholders' equity above Nasdaq's minimum threshold; failure to comply by year-end 2026 will expose the company to delisting proceedings, though it retains the right to appeal any delisting determination to a Hearings Panel.
Developing story
- NT 10-Q
- 8-Kthis filing
Share
Derived from 8-K filed 2026-07-06. Not investment advice. View the source filing on SEC.gov →