Polar Power rejects Solidion all-cash bid for company assets

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Go back to Polar Power rejects Solidion all-cash bid for company assets

Polar Power Rejects Solidion All-Cash Offer for Company Assets

October 5, 2026 4:05 PM EDT

Company remains focused on maximizing shareholder value and evaluating credible strategic opportunities

GARDENA, Calif., Oct. 05, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA) (the Company), a global provider of prime, backup and solar hybrid power solutions, today announced that its Board of Directors has rejected an all-cash proposal from Solidion to acquire all of the Companys assets.

The Company received Solidions offer last week. Following a review, the Board determined that the proposal materially and substantially undervalues Polar Powers assets,... More