🟢 POLA is trading 6.1% up today after securing a new $2.5 million loan agreement

POLA is trading 6.1% up at $1.73 after the company disclosed a new financing deal that eases concerns about its financial stability.

• According to a May 14th SEC filing, the company entered into a $2.5 million revolving loan agreement.
• This new capital injection provides a much-needed financial runway for the company, which recently received a Nasdaq noncompliance notice regarding its stockholders' equity.
• The positive market reaction to the financing news has overshadowed a subsequent May 15th announcement that the company would delay filing its quarterly 10-Q report.