Polar Power, Inc. (POLA) Converts $614.7K Debt to Preferred Equity

Polar Power said CEO Arthur D. Sams converted $614.7K of company debt into 683 Series A Convertible Preferred shares and received a warrant for 382,276 common shares at $1.34. The move aims to strengthen equity and support Nasdaq compliance efforts.Material DetailsContext by AI AnalystThis is an ea…