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Polar Power Reduces Pinnacle Bank Debt by $3 Million, from Approximately $4.7 Million to $1.667 Million; Expects Remaining Balance to Be Paid Down by End of September

POLA
  • Polar Power reduced outstanding indebtedness with Pinnacle Bank to approximately $1.667 million from $4.7 million reported as of September 30, 2025.
  • The $3.033 million reduction represents roughly 65% of the prior balance, strengthening the company's balance sheet & reducing leverage.
  • Since June 30, 2026, the company reduced the Pinnacle Bank balance by approximately $1.0 million, from $2.7 million to roughly $1.7 million.
  • Polar Power expects to repay the remaining Pinnacle Bank balance by the end of September 2026.
  • Chairman & CEO Arthur Sams stated that eliminating this debt will improve financial flexibility & support long-term growth.
  • The company plans to focus resources on revenue growth, new products, & strategic expansion in telecommunications, defense, & data center power infrastructure.
  • Polar Power designs & sells direct-current power generators, renewable energy systems, & power solutions for markets including military, commercial, & EV charging.