Polar Power is trading 6.39% down now at $0.90, with industrial weakness the clearest supported market context.
- Industrials are lower, with XLI down 1.58%; hotter-than-expected September inflation has weighed on markets and raised rate concerns.
- At its October 14 shareholder meeting, proposals included potentially dilutive financing and a discretionary 1-for-3 to 1-for-20 reverse split. Available reporting does not establish that the proposals caused the October 15 decline.