Director — Lewis Wilks: The filing discloses the election of a new independent director to fill a vacancy created by a board expansion, which is a routine governance event rather than an executive departure.

Entry into a Material Definitive Agreement. On August 28, 2026, Polar Power, Inc. (the “ Company ”) issued two convertible promissory notes, in an aggregate principal amount of $165,000 (the “ Note ”), to LU2 Holdings LLC and CL Investment Group LLC for aggregate consideration of $150,000. Each Note will bear interest of 1% per month and matures on November 26, 2026, at which point, if not repaid in cash in full, it will convert in full into shares of its common stock, par value $0.0001 per s…

Director — Jim Ahern, Menachem Shalom: The filing discloses the election of two new independent directors to fill board vacancies, which is a standard governance event rather than an executive departure.

Entry into a Material Definitive Agreement. On July 29, 2026, Polar Power, Inc. (the “Company”) entered into a series of agreements with each of CL Investment Group LLC (“CL Investment”) and LU2 Holdings LLC (“LU2” and, together with CL Investment, the “Investors” and each an “Investor”), providing for the issuance and sale to the Investors of shares of the Company’s Series A Convertible Preferred Stock and warrants to purchase shares of the Company’s common stock, par value $0.0001 per share…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosures contained in

The shares of Convertible Preferred and the Warrants described in Item 1.01, and the shares of Common Stock issuable upon conversion of the Convertible Preferred and upon exercise of the Warrants, were offered and sold, or will be issued, without registration under the Securities Act of 1933, as amended (the “Securities Act”), in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act, as a transaction by an issuer not involving any public offering. Eac…

The shares of Common Stock that may be issued pursuant to the Purchase Agreement will be issued without registration under the Securities Act, in reliance on the exemptions provided by Section 4(a)(2) of the Securities Act as a transaction not involving a public offering and Rule 506(b) promulgated under the Securities Act as sales to accredited investors, and in reliance on similar exemptions under applicable state laws. This Current Report on Form 8-K shall not constitute an offer to sell o…

Unregistered Sales of Equity Securities. The disclosures contained in

Entry into a Material Definitive Agreement. On July 27, 2026, Polar Power, Inc. (the “Company”) entered into a Common Stock Purchase Agreement (the “Purchase Agreement”) and a related Registration Rights Agreement (the “Registration Rights Agreement”), with Roth Principal Investments, LLC (“Roth Principal Investments”). Upon the terms and subject to the satisfaction of the conditions set forth in the Purchase Agreement, the Company will have the right, in its sole discretion, to sell to Roth…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosures contained in

Termination of a Material Definitive Agreement. As previously disclosed, on October 6, 2025, the Company entered into an ATM sales agreement (the “ Sales Agreement ”) with ThinkEquity LLC (the “ Sales Agent ”), pursuant to which the Company may offer and sell, from time to time through the Sales Agent, shares of the Company’s Common Stock, up to a maximum amount as set forth in the Sales Agreement, subject to the terms and conditions of the Sales Agreement. On July 23, 2026, the Company deliv…

Entry into of a Material Definitive Agreement. As previously disclosed, on June 30, 2026, Polar Power, Inc. (the “ Company ”) issued to Mayers Ventures LLC, a limited liability company organized and existing under the laws of Nevada (“ Mayers ”), a convertible promissory note in the aggregate principal amount of $275,000 (the “ Note ”). On July 21, 2026, the Company entered into a series of agreements with LU2 Holdings LLC (the “ Investor ”) and/or Mayers as follows: Securities Purchase Agree…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On June 30, 2026, the Company issued the Note, as described in

Unregistered Sales of Equity Securities. The disclosures contained in

Entry into of a Material Definitive Agreement. On June 30, 2026, Polar Power, Inc. (the “ Company ”) issued to Mayers Ventures LLC, a limited liability company organized and existing under the laws of Nevada (“ Mayers ”), a convertible promissory note in the aggregate principal amount of $275,000 (the “ Note ”). The consideration price of the Note was $250,000. The Note has an interest rate of 10% per annum, and the maturity date is December 30, 2027. Mayers has the right to convert the outst…

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. As previously disclosed, on May 1, 2026, Polar Power, Inc. (the “ Company ”) received a deficiency letter from the staff (the “ Staff ”) of the Nasdaq Stock Market (“ Nasdaq ”) stating that the Company was not in compliance with Nasdaq Listing Rule 5550(b) (the “ Rule ”) because it reported only $144,000 in stockholders’ equity as of December 31, 2025 in its 10-K for the year then ended. The C…

is incorporated herein by reference. The information contained in Items 2.02 and Item 7.01 (including Exhibit 99.1) is furnished pursuant to Items 2.02 and 7.01 and shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The Company does not have, and expressly disclaims, any obligation to release publicly any updates or any changes in the Company’s expectations or any change i…

Entry into of a Material Definitive Agreement. (i) Securities Purchase Agreements and Convertible Notes On May 21, 2026, Polar Power, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “CFI SPA”) with CFI Capital LLC (“CFI”). Pursuant to the CFI SPA, on May 21, 2026 (the “Issue Date”), the Company issued to CFI a 6% convertible redeemable note in the aggregate principal amount of $600,000 (the “CFI Note”). The purchase price of the CFI Note was $546,000, and the Company re…

Termination of a Material Definitive Agreement. As previously disclosed, on May 13, 2026, the Company entered into a Revolving Loan Agreement (the “Loan Agreement”) with Stone Brothers Capital (the “Lender”). On May 18, 2026, the Company sent a written termination notice to the Lender to terminate the Loan Agreement. The termination is effective after five business days. The Lender has not made any loans to the Company as of May 18, 2026.

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On May 21, 2026, the Company entered into the CFI SPA, CFI Note, Monroe SPA and Monroe Note, as described in

Director — Katherine Koster: Katherine Koster resigned as a director.

Unregistered Sales of Equity Securities. The disclosures contained in

Entry into of a Material Definitive Agreement. On May 13, 2026, Polar Power, Inc. (the “Company”) entered into a Revolving Loan Agreement (the “Loan Agreement”) with Stone Brothers Capital (the “Lender”). The Loan Agreement provides for a revolving credit facility under which the Lender may, in its sole discretion upon the request of the Company, make loans (the “Loans”) to the Company, in an aggregate principal amount at any one time outstanding not to exceed $2,500,000. Each Loan shall bear…

Director — Keith Albrecht and Katherine Koster: Two independent directors resigned from the Board.

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On May 13, 2026, the Company entered into the Loan Agreement with the Lender, as described in