|Bid||1.6500 x 900|
|Ask||1.7300 x 800|
|Day's Range||1.7200 - 1.8200|
|52 Week Range||0.9500 - 4.9600|
|Beta (5Y Monthly)||1.03|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 29, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Polar Power, Inc. (POLA), a global provider of prime, backup and solar hybrid power solutions, today announced that it has entered into definitive agreements with certain institutional investors to raise aggregate gross proceeds of approximately $2.8 million through the private placement of its equity securities. Polar Power will sell an aggregate of 1,250,000 shares of the Company’s common stock at $2.25 per share. Additionally, investors will receive a common stock purchase warrant to purchase up to a number of shares of the Company’s common stock equal to, for each share purchased by the investor, 0.5 shares of common stock.
Polar Power, Inc. (NASDAQ:POLA), which is in the electrical business, and is based in United States, saw a...
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