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Polar Power issues USD 165,000 convertible notes to LU2 Holdings, CL Investment Group

PUBT·08/28/2026 21:01:23
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Polar Power issues USD 165,000 convertible notes to LU2 Holdings, CL Investment Group
  • Polar Power issued two convertible promissory notes totaling USD 165,000 to LU2 Holdings, CL Investment Group for USD 150,000.
  • Notes carry 1% monthly interest, mature Nov. 26, 2026.
  • Unpaid balance converts into common stock at the lower of 80% of 5-day VWAP or USD 1.
  • Net proceeds from its Roth Principal Investments common stock purchase facility must be used to repay the notes until fully paid.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Polar Power Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-040635), on August 28, 2026, and is solely responsible for the information contained therein.