Polar Power Shares Steady; Nasdaq Faces Wider Test
Polar Power closed Friday at $2.06, matching its pre-Memorial Day level after a volatile week. SEC filings highlighted liquidity problems, new convertible notes totaling $970,600, and a headquarters lease settlement. The company faces Nasdaq listing compliance and is working on a shareholder vote and possible share sale. Cash on hand dropped to $27,000 as of March 31.