Mayers Ventures LLC to acquire Polar Power, Inc.

Mayers Ventures LLC has agreed to acquire Polar Power, Inc. in a transaction valued at 275,000 USD. The deal was structured using a loan-note consideration and was announced on 7 July 2026. Although the announcement date follows the completion date, the transaction is recorded as having been completed on 30 June 2026. Both the acquiring entity and the target company are based in the United States. The specific sector classification for this deal remains uncertain, with available data suggesting a broad category rather than a specific industry vertical.

The acquisition involves a financial arrangement where the buyer provides funding through a loan-note instrument rather than a standard cash payment. This structure allows the target company to retain certain operational assets while securing necessary capital. The deal status is now finalised as completed, indicating that all necessary conditions have been satisfied. The transaction is subject to regulatory approval.