Polar Power Inc. Announces At-the-Market Offering of Up to $2.38 Million in Common Stock
Reuters
Oct 06
Polar Power Inc. Announces At-the-Market Offering of Up to $2.38 Million in Common Stock
Polar Power Inc. has announced the entry into an at-the-market (ATM) sales agreement with ThinkEquity LLC, allowing the company to offer and sell shares of its common stock through the sales agent. Under the agreement, Polar Power may sell shares with an aggregate offering price of up to $2,382,043. The shares will be offered through sales on The Nasdaq Capital Market or other existing trading markets, as well as through negotiated transactions at prevailing market prices. The agreement allows Polar Power to control the timing and amount of sales, with no obligation to sell any shares. Both Polar Power and ThinkEquity have the right to terminate the agreement with ten days' notice.
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