Polar Power Reduces Pinnacle Bank Debt by $3 Million, from Approximately $4.7 Million to $1.667 Million; Expects Remaining Balance to Be Paid Down by End of September
Polar Power, Inc. announced it has reduced its outstanding debt with Pinnacle Bank to approximately $1.667 million, down from approximately $4.7 million reported as of September 30, 2025. The company expects the remaining balance to be paid down by the end of September.
Why it matters — A significant reduction in Pinnacle Bank debt signals financial improvement and progress toward eliminating this liability, which would likely be of interest to POLA investors following the company's balance sheet.