Polar Power, Inc. Announces Closing of Public Offering
February 10 2021 - 4:05PM
Polar Power, Inc. (Nasdaq: POLA), today announced the closing of
its previously announced public offering of 750,000 shares of its
common stock at a public offering price of $18.00 per share, for
gross proceeds of $13,500,000, before deducting underwriting
discounts and offering expenses.
ThinkEquity, a division of Fordham Financial
Management, Inc., acted as sole book-running manager for the
offering.
The offering was made pursuant to an effective
shelf registration statement that has been filed with the U.S.
Securities and Exchange Commission (the “SEC”). The final
prospectus supplement relating to the offering was filed with the
SEC on February 8, 2021. Copies of the final prospectus supplement
and the accompanying prospectus relating to the offering may be
obtained from ThinkEquity, a division of Fordham Financial
Management, Inc., 17 State Street, 22nd Floor, New York, New York
10004, by telephone at (877) 436-3673, by email at
prospectus@think-equity.com.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any state or
other jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such state or other jurisdiction.
About Polar Power, Inc.
Polar Power, Inc. (NASDAQ: POLA) designs,
manufactures, and sells direct current (DC), power generators,
renewable energy, and cooling systems in the United States and
internationally. It offers DC base power systems, DC hybrid power
systems, and DC solar hybrid power systems. For more information
visit us at https://polarpower.com/.
For Investor Relations
Inquiries:
Polar Power Inc. |
Shawn M. Severson |
310-830-9153 |
|
ir@polarpowerinc.com |
312-420-9191 |
www.polarpower.com |
ir@polarpower.com |
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