Borealis Foods Inc.

BRLS Nasdaq CIK: 0001852973

Company Information

Industry Food and Kindred Products
SIC Code 2000
Entity Type operating
SEC Category Emerging growth company
State of Incorporation Cayman Islands
Business Address 1540 CORNWALL RD. #104, OAKVILLE, A6, L6J 7W5
Mailing Address 1540 CORNWALL RD. #104, OAKVILLE, A6, L6J 7W5
Phone 1 905-278-2200
Fiscal Year End 1231
EIN 000000000

Financial Overview

FY2024

$4.64M
Stockholders' Equity

Recent SEC Filings

Form Type Date Filed Document
8-K Current report of material events February 6, 2026 View on SEC
8-K Current report of material events January 29, 2026 View on SEC
8-K/A Current report amendment January 20, 2026 View on SEC
8-K Current report of material events January 16, 2026 View on SEC
8-K Current report of material events December 16, 2025 View on SEC
10-Q Quarterly financial report November 19, 2025 View on SEC
8-K Current report of material events November 19, 2025 View on SEC
8-K Current report of material events September 9, 2025 View on SEC
8-K Current report of material events September 4, 2025 View on SEC
10-Q Quarterly financial report August 19, 2025 View on SEC

Material Events

8-K Financial Distress February 6, 2026
High Impact
  • Borealis Foods Inc. received an "Events of Default" notice from its primary lender, Frontwell Capital Partners Inc.
  • The company breached a minimum liquidity covenant ($4,375,000) and failed to deliver timely financial reports for October and November 2025.
View Analysis
8-K Other January 16, 2026
High Impact
  • Auditor change is procedural and not due to disagreements, reassuring investors about financial reporting integrity.
  • Company plans to submit a compliance plan to Nasdaq and hold the annual meeting within the required timeframe.
View Analysis
8-K Financial Distress December 16, 2025
High Impact
  • Borealis Foods Inc. has defaulted on its loan agreement with Frontwell Capital Partners Inc. due to multiple unmet conditions.
  • The lender has imposed an immediate 2% increase in interest rates on Borealis Foods' existing $15 million term loans and up to $10 million in revolving loans.
View Analysis

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Investor Resources

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Important Disclaimer

This AI-generated analysis is for informational purposes only and does not constitute financial or investment advice. Always consult with qualified professionals and conduct your own research before making investment decisions.