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Polar Power converts $614,700 debt into preferred shares and issues 382,276-share warrant

Verifying
  • Polar Power converted Arthur D. Sams’ $614,700 debt into 683 preferred shares.
  • 382,276 common shares are covered by Sams’ warrant at $1.34 per share.
  • Polar Power’s independent Audit Committee approved the debt-to-equity conversion.
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