Solidion declines to raise offer for Polar Power assets
Solidion Technology (STI) declined to raise its all-cash offer for Polar Power (POLA) assets after POLA's board rejected it. STI cited POLA's financial distress, including a $2M net loss and $2.2M cash burn in H1 2026, and NASDAQ non-compliance. POLA has until October 2026 to meet equity requirements. STI's CEO emphasized disciplined valuation in offers.




