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Polar Power, a generator manufacturer, files for a $17 million IPO

September 9, 2016
POLA

Polar Power, which manufactures DC power generators for off-grid commercial applications, filed on Friday with the SEC to raise up to $17 million in an initial public offering.

The Gardena, CA-based company was founded in 1979 and booked $13 million in sales for the 12 months ended June 30, 2016. It plans to list on the Nasdaq under the symbol POLA. Joseph Gunnar & Co. is the sole bookrunner on the deal. No pricing terms were disclosed.