TechMediaBreaks – Polar Power Inc. (NASDAQ: POLA) Announces Pricing of Underwritten Public Offering
Polar Power (NASDAQ: POLA) recently announced the pricing of its underwritten public offering of 4,000,000 shares of its common stock. Each share of common stock is being sold at a public offering price of $0.40 for gross proceeds of $1,600,000. All of the shares of common stock are being offered by the company. In addition, Polar Power granted the underwriters a 45-day option to purchase up to an additional 600,000 shares of its common stock and/or pre-funded warrants at the public offering price less discounts and commissions, to cover over-allotments. Subject to the satisfaction of customary conditions, the offering is…