Exhibit 107

 

Calculation of Filing Fee Table

S-3

(Form Type)

Polar Power, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

Table 1: Newly Registered Securities and Carry Forward Securities

 

   

Security

Type

 

Security

Class

Title

 

Fee

Calculation

or

Carry

Forward

Rule

 

Amount

Registered (1)

 

Proposed

Maximum

Offering

Price

Per Unit (2)

 

Maximum

Aggregate

Offering

Price

 

Fee

Rate

 

Amount

of

Registration

Fee (3)

 

Carry

Forward

Form Type

 

Carry

Forward

File Number

 

Carry

Forward

Initial

effective

date

 

Filing Fee

Previously Paid

In Connection

with Unsold

Securities

to be

Carried

Forward

Newly Registered Securities
Fees
to Be
Paid
  Equity   Common Stock, par value $0.0001 per share     457(o)         $ -       $ -                                                    
    Equity   Preferred Stock, par value $0.0001 per share     457(o)     -       $ -       $ -                                                    
    Debt   Debt Securities     457(o)     -       $ -       $                                                  
    Debt Convertible into Equity   Warrants     457(o)     -       $ -       $ -                                                    
    Other   Subscription Rights     457(o)     -       $ -       $ -                                                    
    Equity   Units     457(o)     -       $ -       $ -                                                    
    Unallocated (Universal Shelf)         457(o)     -       $ -       $ 15,340,000       0.00014760     $ 2,264.18                                  
Carry Forward Securities
Carry Forward
Securities
  Equity   Common Stock, par value $0.0001 per share     415(a)(6)                                             S-3       333- 252196       01/28/2021          
    Equity   Preferred Stock, par value $0.0001 per share     415(a)(6)                                             S-3       333- 252196       01/28/2021          
    Debt   Debt Securities     415(a)(6)                                             S-3       333- 252196       01/28/2021          
    Debt Convertible into Equity   Warrants     415(a)(6)                                             S-3       333- 252196       01/28/2021          
    Other   Subscription Rights     415(a)(6)                                             S-3       333- 252196       01/28/2021          
    Equity   Units     415(a)(6)                                             S-3       333- 252196       01/28/2021          
    Unallocated (Universal)
Shelf
  -     415(a)(6)                     $84,660,000.00  (3)       0.0001091               S-3       333- 252196       01/28/2021     $ 9,236.41  
    Total Offering Amounts     $ 100,000,000.00                                                  
    Total Fees Previously Paid                     $ 9.236.41                       -          
    Total Fee Offsets                       --                         -          
    Net Fee Due                     $ 2,264.18                                  

 

(1)The securities registered hereunder include such indeterminate number of (a) Common Stock, (b) preferred stock, (c) debt securities, (d) warrants to purchase Common Stock, preferred stock or debt securities of the registrant, (e) subscription rights to purchase Common Stock, preferred stock, debt securities, warrants or units consisting of some or all of these securities of the registrant, and (f) units consisting of some or all of these securities, as may be sold from time to time by the registrant. There are also being registered hereunder an indeterminate number of shares of Common Stock and preferred stock as shall be issuable upon conversion, exchange or exercise of any securities that provide for such issuance. Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement also covers any additional securities that may be offered or issued in connection with any stock split, stock dividend or pursuant to anti-dilution provisions of any of the securities. Separate consideration may or may not be received for securities that are issuable upon conversion, exercise or exchange of other securities.

 

(2)The proposed maximum aggregate offering price per class of security will be determined, from time to time, by the registrant in connection with the issuance by the registrant of the securities registered hereunder and is not specified as to each class of security pursuant to Instruction 2.A.iii.b. to the Calculation of Filing Fee Tables and Related Disclosure on Item 16(b) of Form S-3 under the Securities Act. Separate consideration may or may not be received for securities that are issuable on exercise, conversion or exchange of other securities, or that are issued in units.

 

(3) Pursuant to Rule 415(a)(6) under the Securities Act, securities with a maximum aggregate price of $84,660,000 registered hereunder are unsold securities (the “Unsold Securities”) previously registered on the Registrant’s prior registration statement on Form S-3 (File No. 333-252196), filed on January 19, 2021 and declared effective on January 28, 2021 (the “Prior Registration Statement”), and are included in this registration statement. The registrant paid a filing fee of $9,236.41 (calculated at the filing fee rate in effect at the time of the filing of the Prior Registration Statement) relating to the Unsold Securities under the Prior Registration Statement. Pursuant to Rule 415(a)(6), the filing fee applicable to the Unsold Securities is hereby carried forward to be applied to such Unsold Securities. During the grace period afforded by Rule 415(a)(5) under the Securities Act, the registrant may continue to offer and sell under the Prior Registration Statement the Unsold Securities being registered hereunder. To the extent that, after the filing date hereof and prior to the effectiveness of this registration statement, the registrant sells any Unsold Securities under the Prior Registration Statement, the registrant will identify in a pre-effective amendment to this registration statement the updated number of Unsold Securities from the Prior Registration Statement to be included in this registration statement pursuant to Rule 415(a)(6) and the updated amount of new securities to be registered on this registration statement. Pursuant to Rule 415(a)(6) under the Securities Act, the offering of Unsold Securities under the Prior Registration Statement will be deemed terminated as of the date of effectiveness of this registration statement.