Polished.com Inc.

POL

Market cap $3.84M

BROOKLYN, N.Y.--(BUSINESS WIRE)--Polished.com Inc. (the “Company” or “Polished”) (NYSE American: POL) has suspended its operations. These steps followed a comprehensive review by the Company's Board of Directors of available strategic alternatives, and upon consultation with the members of the Company's management, with the assistance of the Company's legal and financial advisors. The Company anticipates filing a case under the provisions of Chapter 7 of the Bankruptcy Code as soon as practicab.

BROOKLYN, N.Y.--(BUSINESS WIRE)--Polished.com Inc. (the “Company” or “Polished”) (NYSE American: POL) today provided the following corporate updates: Update to Previously Issued Guidance for Fiscal Year 2023 The Company now expects net sales between $315 million and $325 million and EBITDA below its previously provided estimate for fiscal year 2023. The Company previously reported that it expected net sales between $330 million and $350 million and low single digit EBITDA margins for fiscal yea.

Polished.com (NYSEMKT: POL ) stock is falling on Tuesday after the e-commerce company noted it failed to pay back its debt to Bank of America on time. A filing with the Securities and Exchange Commission (SEC) reveals that Polished.com didn't pay back interest amounts and fees due in a credit agreement with Bank of America.

BROOKLYN, N.Y.--(BUSINESS WIRE)--Polished.com Inc. (the “Company” or “Polished”) (NYSE American: POL) announced the results of the Company's Annual Meeting of Stockholders (the “Annual Meeting”), which was held virtually on January 30, 2024. A total of 1,134,678 shares of the Company's Common Stock were represented in person or by proxy, constituting a quorum. Stockholders voted to re-elect all eight of the Company's nominees to the Board of Directors: Ellery W. Roberts, Houman Akhavan, Ellette.

BROOKLYN, N.Y.--(BUSINESS WIRE)--Polished.com Inc. (NYSE: POL) (formerly known as 1847 Goedeker Inc.) (“Polished” or the “Company”), a content-driven and technology-enabled shopping destination for appliances, furniture and home goods in the U.S. household appliances market, today reiterated that it has scheduled its annual meeting of stockholders (the “Annual Meeting”) for January 30, 2024, as indicated in the Company's Definitive Proxy Statement filed with the U.S. Securities Exchange Commiss.

In the world of small-cap stocks, certain companies don't get much attention at all. And over the past couple of years, many of the headlines for various penny stocks have been downright negative.

From the close on Dec. 19 to the close on Dec. 20, Polished.com (NYSEMKT: POL ) surged higher by more than 600%. The company operates as an e-commerce seller of home goods, appliances and furniture.

Polished.com (NYSEMKT: POL ) stock is falling on Thursday after the e-commerce company discussed an unexpected rally on Wednesday. Shares of POL stock saw an incredible surge in price during normal trading hours yesterday.

Polished.com (POL) stock price made a major move on Wednesday for apparently no reason. The shares surged by more than 600%, lifting it to a high of $10.90, its highest point since August 4th.

Polished.com, an online retailer of home appliances, said it isn't aware of any undisclosed material change or development in its business and operations that would account for the recent increase in its stock price and volume.