Chris Mayer Secures Board Seat at Polar Power with 9.99% Stake
Chris Mayer, Co-CEO of Polar Power, disclosed a 9.99% stake in the company's common stock via a Schedule 13D filing. His investment firm, CL Investment, gained board representation rights, allowing it to appoint a director. Mayer's holdings are capped at 19.99% without shareholder approval, and he will influence strategic decisions.
