StreetInsider.com News Articles

Polar Power cuts Pinnacle Bank debt to $1.67M, eyes full payoff

Tue, 08 Sep 2026 07:15:20 -0400

Polar Power, Inc. (NASDAQ: POLA) announced it has reduced its outstanding debt with Pinnacle Bank to approximately $1.667 million, down from approximately $4.7 million as of September 30, 2025, according to a press release statement.

The roughly $3.033 million reduction represents approximately 65% of the previously reported balance. Since June 30, 2026, the company has reduced the Pinnacle Bank balance by approximately $1.0 million, from approximately $2.7 million to approximately $1.7 million.

Polar Power said it expects to repay the remaining balance by the end of September 2026, which would eliminate the Pinnacle Bank debt entirely.

Arthur Sams, Chairman and CEO, stated: "We

Polar Power Reduces Pinnacle Bank Debt by $3 Million, from Approximately $4.7 Million to $1.667 Million; Expects Remaining Balance to Be Paid Down by End of September

Tue, 08 Sep 2026 07:15:00 -0400

GARDENA, Calif., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA), a global provider of prime, backup and renewable power solutions, today announced that it has reduced its outstanding indebtedness with Pinnacle Bank to approximately $1.667 million, down from approximately $4.7 million reported as of September 30, 2025.

The approximately $3.033 million reduction from the September 30, 2025 balance represents roughly 65% of the previously reported amount and marks meaningful progress in strengthening the Company’s balance sheet and reducing leverage.

Separately, since June 30, 2026, the Company has reduced the Pinnacle

Polar Power Reduces Pinnacle Bank Debt by $3 Million, from Approximately $4.7 Million to $1.667 Million; Expects Remaining Balance to Be Paid Down by End of September

Tue, 08 Sep 2026 07:15:00 -0400

Separately, since June 30, 2026, the Company has reduced the Pinnacle

Polar Power DC generator integrated into MSI anti-drone system

Mon, 31 Aug 2026 07:16:22 -0400

Polar Power, Inc. (NASDAQ: POLA) announced that its DC generator has been integrated into MSI Defense Solutions' Electronic Advanced Ground Launcher System, known as EAGLS™, a system designed for automatic threat detection, classification, and interception of aerial threats.

According to a company press release, the EAGLS™ system is currently deployed in the Middle East. The system incorporates 360-degree radar, laser-guided rockets, and remote weapon stations, and is designed to operate independently or as part of a broader defense network.

MSI Defense Solutions is a U.S. defense technology and systems integration company that specializes in counter-UAS solutions, tactical ground platforms, and maritime weapons

Polar Power Announces MSI Defense Solutions’ Adoption of Its DC Generator for EAGLS™

Mon, 31 Aug 2026 07:15:00 -0400

MSI Defense Solutions Selects Polar Power’s DC Power System to Support Its Advanced AI-Powered Anti-Drone and Anti-Missile Systems.

GARDENA, Calif., Aug. 31, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a designer and manufacturer of advanced direct-current (DC) power systems, today announced that its ongoing customer diversification strategy is driving increased sales and development activity in military applications, including drone defense, robotics, unmanned surface vessels (USVs), communications, and battery charging.

Polar Power’s DC generator has been integrated into MSI Defense Solutions’ Electronic Advanced Ground Launcher System, EAGLS^™, an

Polar Power Announces MSI Defense Solutions’ Adoption of Its DC Generator for EAGLS™

Mon, 31 Aug 2026 07:15:00 -0400

MSI Defense Solutions Selects Polar Power’s DC Power System to Support Its Advanced AI-Powered Anti-Drone and Anti-Missile Systems.

Polar Power’s DC generator has been integrated into MSI Defense Solutions’ Electronic Advanced Ground Launcher System, EAGLS^™, an

Polar Power Announces MSI Defense Solutions’ Adoption of Its DC Generator for EAGLS™

Mon, 31 Aug 2026 07:15:00 -0400

MSI Defense Solutions Selects Polar Power’s DC Power System to Support Its Advanced AI-Powered Anti-Drone and Anti-Missile Systems.

Polar Power’s DC generator has been integrated into MSI Defense Solutions’ Electronic Advanced Ground Launcher System, EAGLS^™, an

Polar Power Announces MSI Defense Solutions’ Adoption of Its DC Generator for EAGLS™

Mon, 31 Aug 2026 07:15:00 -0400

MSI Defense Solutions Selects Polar Power’s DC Power System to Support Its Advanced AI-Powered Anti-Drone and Anti-Missile Systems.

Polar Power’s DC generator has been integrated into MSI Defense Solutions’ Electronic Advanced Ground Launcher System, EAGLS^™, an

Form 8-K Polar Power, Inc. For: Aug 24

Fri, 28 Aug 2026 17:00:00 -0400

si-local-file:///var/storage/secattach/20260828/26998872.html

Form 8-K Polar Power, Inc. For: Aug 24

Fri, 28 Aug 2026 17:00:00 -0400

si-local-file:///var/storage/secattach/20260828/26998872.html

Form 3 Polar Power, Inc. For: Aug 17 Filed by: Shalom Menachem

Fri, 28 Aug 2026 16:31:00 -0400

si-local-file:///var/storage/secattach/20260828/26998501.html

Form 3 Polar Power, Inc. For: Aug 17 Filed by: Shalom Menachem

Fri, 28 Aug 2026 16:31:00 -0400

si-local-file:///var/storage/secattach/20260828/26998501.html

Form S-1 Polar Power, Inc.

Mon, 24 Aug 2026 18:29:00 -0400

si-local-file:///var/storage/secattach/20260824/26969407.html

Form S-1 Polar Power, Inc.

Mon, 24 Aug 2026 18:29:00 -0400

si-local-file:///var/storage/secattach/20260824/26969407.html

Polar Power adds two directors to its board

Mon, 24 Aug 2026 16:15:22 -0400