BRLS
Borealis Foods Inc.1.8900
-0.0005-0.03%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
40.57MP/E (TTM)
-Basic EPS (TTM)
-0.86Dividend Yield
0%Recent Filings
8-K
Nasdaq grants meeting extension
Borealis Foods dodged delisting for now—Nasdaq accepted its plan and extended compliance with Listing Rule 5620(a) until May 31, 2026, after missing the annual shareholder meeting deadline. The delay stemmed from financial woes, but Borealis is chasing financing to hold the meeting by late May. No meeting, no mercy: delisting notice follows.
8-K
Credit facility commitment signed
8-K
Credit default triggers reserves
Borealis Foods disclosed Events of Default under its $15M term/$10M revolving credit agreement with Frontwell Capital, triggered by insufficient $4.375M excess availability and late October/November financials. Lender threatens $200K initial reserve hike, plus $100K weekly, unless $5M equity raised or full refinancing committed within 14 days. Credit remains intact, no acceleration yet. Discussions ongoing.
8-K
Ajami joins Borealis board
Borealis Foods appointed Amin Ajami as independent director on January 29, 2026, filling a vacancy from Kanat Mynzhanov's February 2025 resignation. Ajami joins Audit, Compensation, and Nominating committees immediately, bolstering governance oversight. No related arrangements or interests disclosed. Compensation details pending future filing.
8-K
Nasdaq noncompliance notice
Borealis Foods received a Nasdaq notice on January 12, 2026, for failing to hold its annual shareholder meeting within 12 months of fiscal year-end, violating Listing Rule 5620(a). It has until February 26 to submit a compliance plan, potentially extending to June 29. No immediate delisting impact. Separately, BPB resigned as auditor effective January 13 due to CRI's asset acquisition; CRI appointed January 15 with clean audit history.
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