Polar Power, Inc. (POLA) Prices 750K Share Common Offering at $18/Sh

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Polar Power, Inc. Announces Pricing of Public Offering

February 7, 2021 6:30 PM EST

GARDENA, Calif., Feb. 07, 2021 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA), (Polar Power or the Company) today announced the pricing of its previously announced underwritten 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, commissions and offering expenses. All of the shares of common stock are being offered by the Company.

The offering is expected to close on February 10, 2021, subject to satisfaction of customary closing conditions.

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