🟢 Polar Power is trading 11% up in pre-market amid Nasdaq equity-compliance confirmation

Polar Power is trading at $0.41 (+10.82%) in pre-market amid Nasdaq’s confirmation it meets the minimum stockholders’ equity requirement.

• Nasdaq confirmed it meets the $2.5 million minimum stockholders’ equity requirement, but warned it must maintain compliance.
• Phase 2 restructuring targets about $2 million in total annualized savings. A separate release said it has not sold shares through its Roth equity facility since October 19 and does not currently intend to issue more at prevailing valuations.
• The prior session closed at $0.37, down 28.23%; no volume data was provided.