Polar Power, Inc DEFR14A, filed Sep 29, 2026
Polar Power, Inc. (POLA)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
(Amendment No. 1)
| Filed by the Registrant ☒ | |
| Filed by a Party other than the Registrant ☐ | |
| Check the appropriate box: | |
| ☐ | Preliminary Proxy Statement |
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☒ | Definitive Proxy Statement |
| ☐ | Definitive Additional Materials |
| ☐ | Soliciting Material under § 240.14a-12 |
POLAR POWER, INC.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
| ☒ | No fee required |
| ☐ | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. |
| (1) | Title of each class of securities to which transaction applies: | |
| (2) | Aggregate number of securities to which transaction applies: | |
| (3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): | |
| (4) | Proposed maximum aggregate value of transaction: | |
| (5) | Total fee paid: | |
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
| (1) | Amount Previously Paid: | |
| (2) | Form, Schedule or Registration Statement No.: | |
| (3) | Filing Party: | |
| (4) | Date Filed: | |
EXPLANATORY NOTE
Polar Power, Inc. (the “Company”) is filing this amendment (the “Amendment”) to its definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on September 16, 2026 (the “Proxy Statement”) to make the following correction on page 32:
(7)
Maximum number of shares of common stock that may be issuable to Monroe Street Capital Partners, LP
(“MonoreMonroe”) upon conversion of the Monroe Note is 1,000,000. The exact number of shares
that may be issued to Monroe pursuant to the Monroe Note is not currently determinable because the applicable conversion prices are
variable and are determined by reference to the market price of our common stock at the time of conversion. Number of shares of
common stock beneficially owned reflects a beneficial ownership limitation on convertibility and exercise equal to 9.99% of total
shares of common stock outstanding. Shares held directly by Monroe may be deemed to be indirectly beneficially owned by Ahron
FraimanBrian Goldberg, who may be deemed to have sole voting and dispositive power with respect to the shares held
by Monroe. The address of Monroe is 2151 West Hillsboro Blvd, Deerfield Beach FL, 33442c/o 208 Lenox Ave, #236,
Westfield, NJ 07090.
Terms used in this Amendment that are not defined in this Amendment have the meanings given to them in the Proxy Statement.
The date of this Amendment is September 29, 2026.