Polar Power is trading at $1.40 (6% down) in pre-market, extending a slide that follows a sharp two-day rally linked to its new $25 million committed equity facility.
- Investors appear to be locking in short-term gains as the market digests the potential dilution and long-term funding implications of the facility.
- The downward move continues from the previous session with no fresh company-specific news reported overnight to drive the price action.