For more information please contact:
Josh Matthew, CFA
Equity Capital Markets
Head of Equity
Senior Vice President
Senior Vice President
Polar Power, Inc. (NASDAQ: POLA), a global provider of prime and backup DC power solutions, has completed its initial public offering of 2,400,000 shares of its common stock, as well as the sale of 360,000 additional shares pursuant to the full exercise of the over-allotment option granted to the underwriters. The shares were sold at a public offering price of $7.00 per share, resulting in gross proceeds to Polar Power, Inc. of approximately $19.3 million. Polar Power's shares are trading on the NASDAQ Capital Market under the ticker symbol "POLA."
ROTH Capital Partners acted as joint book-running manager for the offering.
About Polar Power, Inc.
Gardena, California-based Polar Power, Inc. (NASDAQ: POLA), designs, manufactures and sells direct current, or DC, power systems for applications primarily in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle charging, cogeneration, distributed power and uninterruptable power supply. Within the telecommunications market, its systems provide reliable and low-cost energy for applications that do not have access to the utility grid or have critical power needs and cannot be without power in the event of utility grid failure. Within this market, Polar Power offers three configurations of its DC power systems, with output power ranging from 5 kW to 20 kW and with three possible sources of fuel: diesel, natural gas and liquid petroleum gas. For more information, please visit
(Source: Company Press Release | 12/12/16)
About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. For more information on ROTH, please visit