Borealis Foods INC

Borealis Foods Inc. received a notice from Nasdaq indicating it no longer meets the minimum Market Value of Listed Securities requirement, triggering a 180-day compliance period.

Borealis Foods Inc. announced it received a deficiency notice from Nasdaq for failing to file its Q1 2026 quarterly report, impacting its continued listing status.

Borealis Foods Inc. announces board changes, including the resignation of Shiv Khemka and the appointment of two new directors, Zaure Algaziyeva and Pavel Mynzhanov, linked to a credit agreement.

Borealis Foods has entered into a new $17 million credit agreement with Oxus Capital to refinance existing debt and established a framework to convert $33.3 million of indebtedness into equity.

Borealis Foods Inc. announced a $17.0 million refinancing transaction with Oxus Capital PTE Ltd. to repay existing obligations and improve financial flexibility.

Borealis Foods Inc. received a deficiency notice from Nasdaq due to a delayed 2025 annual report filing, with a plan to regain compliance by October 2026.

Borealis Foods reported an 8.0% increase in net revenue for Q1 2026, reaching $7.37 million, while narrowing its net loss to $3.51 million, driven by expanded institutional partnerships and SG&A cost reductions.

Borealis Foods reported narrowed losses and improved operational efficiency in Q3 2025, but faces significant liquidity challenges and a going concern warning.

Borealis Foods Inc. reported increased net revenue and narrowed losses in Q2 2025, driven by strategic shifts to higher-margin products, but faces substantial doubt about its ability to continue as a going concern due to liquidity challenges.

Borealis Foods' Q1 2025 results show a revenue decrease but a gross profit increase as the company focuses on higher-margin products and operational efficiency.

Borealis Foods Inc. reports a net loss of $4.83 million for Q3 2024, showing improvement in gross profit margins despite a slight decrease in overall revenue, as the company focuses on high-margin products.

Borealis Foods Inc. reports a net loss for the second quarter of 2024, while also showing improvements in gross profit and cost of goods sold, and navigating a strategic shift in customer and product mix.

Borealis Foods Inc. files Amendment No. 1 to its 2025 Form 10-K to address SEC comments regarding auditor reports and financial statement presentation.

Borealis Foods Inc. announced an 8.7% increase in net revenue to $30.08 million for the fiscal year ended December 31, 2025, alongside significant cost reductions, though the company continues to face substantial debt and a going concern warning.

Borealis Foods Inc. has filed an Amendment No. 2 to its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, primarily to correct beneficial ownership information for directors, executive officers, and a significant shareholder.

Borealis Foods Inc. files Amendment No. 1 to its Form 10-K/A to include Part III information regarding directors, executive officers, compensation, security ownership, related party transactions, and principal accountant fees, along with updated certifications.

Borealis Foods Inc.'s 2024 10-K filing reveals a strategic shift towards higher-margin products amidst financial uncertainties and a going concern warning.

Borealis Foods Inc., formerly Oxus Acquisition Corp., filed its annual report on Form 10-K, detailing its business combination, financial results, and strategic direction as a food technology company focused on sustainable, high-protein meals.

Director Barthelemy Helg transferred 500,000 Class A Common Shares to EarlyBirdCapital to satisfy company debt obligations.

Borealis Foods CEO Reza Soltanzadeh transferred 500,000 shares to EarlyBirdCapital to satisfy company debt obligations.

An amended Form 4 reveals a transfer of Borealis Foods Class A Common Shares and adds Kenges Rakishev as an indirect beneficial owner, clarifying insider holdings.

Oxus Capital and controlling shareholder Kenges Rakishev finalized the conversion of nearly 5.4 million shares in Borealis Foods following a business combination.

Oxus Capital and Borealis Foods have agreed to convert $11.1 million in debt into equity if the company fails to raise $70 million by July 2026.

Sergii Diachenko, a director and significant holder of Borealis Foods Inc. warrants, has filed a Form 4 detailing his beneficial ownership and intent to monitor the company's restructuring.

Borealis Foods Inc. has issued a proxy statement for its Annual Meeting of Shareholders on June 29, 2026, detailing proposals for director elections and auditor appointment, alongside financial statement review.

Oxus Capital provides a $17 million credit facility to Borealis Foods and agrees to convert $11.1 million of debt into equity if a major funding round is not completed by July 2026.

Alta Partners LLC has disclosed beneficial ownership of 1,743,558 shares, representing 7.5% of Borealis Foods Inc.'s Class A ordinary shares, acquired via warrants.

Alta Partners LLC has reported a 6.3% passive beneficial ownership stake in Borealis Foods Inc.'s Class A ordinary shares.