Polar Power announced that it intends to offer to sell shares of its common stock in an underwritten public offering. All of the shares of common stock are to be sold by the company. The company intends to use the net proceeds from the offering primarily for product development and general corporate purposes, which may include working capital, capital expenditures, operational purposes and potential acquisitions in complementary businesses. ThinkEquity is acting as sole underwriter for the offering.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on POLA:
- Polar Power Reports 12% Growth in Revenue During Third Quarter 2023 Financial Results
- Polar Power, Inc., C.E.O. Arthur Sams, to Present at the 35th World LPG Forum Highlighting Cost and Environmental Benefits of Transitioning from Diesel to LPG in Multiple Markets
- (Updated) Polar Power Announces New 27KW Summit Series Deliveries to Tier-1 Telecom Customers
- Polar Power announces 27KW Summit Series deliveries
- Polar Power engages CORE IR for investor relations, shareholder communication