Polar Power, Inc. received a deficiency letter from Nasdaq on May 1, 2026, for not meeting the minimum stockholders' equity requirement, reporting only $144,000 as of December 31, 2025. The company submitted a compliance plan on June 15, 2026, detailing planned financing activities and internal restructuring to address the deficiency. On June 29, 2026, Nasdaq granted an extension, requiring Polar Power to demonstrate compliance by October 28, 2026. To regain compliance, the company must either file a report detailing a completed transaction that satisfies the equity requirement or provide a balance sheet (no older than 60 days) with pro forma adjustments showing compliance. Failure to demonstrate compliance by the filing of its annual report for the year ending December 31, 2026, could lead to delisting.