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Facility aims to support company growth.
Polar Power, Inc. (Nasdaq: POLA) announced on July 27, 2026, that it has secured a Committed Equity Facility (CEF) worth $25 million with Roth Principal Investments, LLC, an affiliate of CR Financial Holdings, Inc. The facility is intended to support the company's growth initiatives.
The CEF provides Polar Power with access to up to $25 million in equity financing. The agreement outlines the terms under which Roth Principal Investments will purchase shares of Polar Power's common stock.
As of the latest company context, Polar Power has a free float of 1,935,026 shares and 3,640,159 shares outstanding.
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