India, July 28 -- Polar Power, Inc. (POLA) shares jumped $0.5550, or 37.67 percent, to $2.0250 on Tuesday, likely extending gains following the company's previous day announcement of a $25 million Committed Equity Facility (CEF) with Roth Principal Investments, LLC.
The stock opened at $1.7250 and traded between $1.6850 and $2.3600 during the session on the Nasdaq. It has traded in a 52-week range of $1.3100 to $5.7500. Trading volume reached 34.03 million shares, compared with an average daily volume of 0.11 million shares.
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The agreement gives Polar Power the option, but not the obligation, to sell up to $25 million of its common stock to Roth Principal...