{"filings":[{"id":1526397,"accession_number":"0001213900-26-076374","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2026-07-08T20:15:14+00:00","items":["3.01","9.01"],"status":"ready","headline":"Borealis Foods receives Nasdaq delisting notice for MVLS below $35M","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Received Nasdaq notice on July 2, 2026 for failing minimum $35M MVLS over 30 consecutive business days.","Also fails alternative listing standards under Nasdaq Rules 5550(b)(1) and 5550(b)(3).","Has 180-day compliance period until December 29, 2026 to regain compliance.","To regain compliance, MVLS must close at $35M+ for at least 10 consecutive business days.","If not regained, common shares and warrants subject to delisting; company evaluating options."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":"2026-07-08","daily_digest_url":"/daily/2026-07-08","daily_digest_rank":1},{"id":1360760,"accession_number":"0001213900-26-073694","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2026-06-30T20:15:15+00:00","items":["5.07","9.01"],"status":"ready","headline":"Borealis Foods annual meeting elects all 8 directors, ratifies auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["12,845,650 shares (59.8% of outstanding) represented at June 29, 2026 annual meeting.","All 8 director nominees elected: Barthelemy Helg, Reza Soltanzadeh, Ertharin Cousin, Steven Oyer, Shukhrat Ibragimov, Amin Ajami, Pavel Mynzhanov, Zaure Algaziyeva.","Each director received over 12.67M votes for; broker non-votes of 170,078 on each.","Ratification of Carr, Riggs & Ingram as auditor for FY 2026 passed with 12,834,728 for, 10,922 against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":861326,"accession_number":"0001213900-26-065290","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2026-06-04T20:15:20+00:00","items":["1.01","2.03","3.02","9.01"],"status":"ready","headline":"Borealis Foods issues $3M convertible note to largest shareholder Oxus Capital","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Note bears 10% interest, matures Aug 29, 2026 (extendable if conversion approvals not obtained).","Conversion price $1.45/share; up to ~2.07M shares issuable subject to anti-dilution adjustments.","Proceeds for accounts payable, working capital; not for debt repayment.","Conversion requires shareholder approval under Nasdaq rules; company to seek promptly.","Note includes a 49.9% beneficial ownership blocker for Oxus."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":695878,"accession_number":"0001213900-26-061511","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2026-05-27T20:15:20+00:00","items":["3.01","7.01","9.01"],"status":"ready","headline":"Borealis Foods receives Nasdaq deficiency notice for delayed Q1 2026 10-Q; supplements prior 2025 10-K notice","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq notified Borealis on May 21, 2026 of non-compliance with Listing Rule 5250(c)(1) for failure to timely file Q1 2026 Form 10-Q.","This supplements an April 17, 2026 notice regarding the delayed 2025 Form 10-K (the initial delinquent filing).","Company must submit a compliance plan by June 16, 2026; if accepted, Nasdaq may grant until October 12, 2026 to regain compliance.","Borealis expects to file Q1 2026 Form 10-Q no later than early June 2026, which together with the 2025 10-K is believed to cure the deficiency.","The notice has no immediate effect on the listing or trading of BRLS common shares or warrants on the Nasdaq Capital Market."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":471206,"accession_number":"0001213900-26-057780","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2026-05-15T20:16:20+00:00","items":["5.08","9.01"],"status":"ready","headline":"Borealis Foods sets 2026 Annual Meeting for June 29; deadlines announced","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Annual Meeting will be held virtually on June 29, 2026 at 12:30 p.m. ET.","Shareholders of record as of May 26, 2026 are entitled to vote.","Shareholder proposals under Rule 14a-8 must be received by May 25, 2026.","Director nominations under advance notice by-laws also due by May 25, 2026.","Company did not hold an annual meeting during fiscal year ended Dec 31, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":442966,"accession_number":"0001213900-26-056637","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2026-05-14T20:15:58+00:00","items":["5.02","9.01"],"status":"ready","headline":"Borealis Foods expands board to 8; appoints Algaziyeva and Mynzhanov as directors after Khemka resignation","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Shiv Khemka resigned from Board and all committees effective May 11, 2026; no disagreement cited.","Board size increased from 7 to 8; Zaure Algaziyeva (independent) and Pavel Mynzhanov (Oxus director) appointed.","Appointments made under Credit Agreement with Oxus Capital PTE Ltd. dated April 27, 2026.","Algaziyeva added to Audit, Compensation, and Nominating Committees; Mynzhanov not independent."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":96245,"accession_number":"0001213900-26-050957","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2026-05-01T23:59:59+00:00","items":["1.01","1.02","2.03","3.02","5.02","8.01","9.01"],"status":"ready","headline":"Borealis Foods enters $17M term loan with Oxus, repays Frontwell; potential equity conversion up to $33.3M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $17M from Oxus Capital at 12% interest, maturing 2031; used ~$16.2M to repay Frontwell credit facility.","Conversion Agreement: $29.1M principal + $4.2M accrued interest may convert to common shares if $70M equity raise not done by July 1, 2026.","Oxus may also convert ~$2M Year 1 interest into shares at its election.","Chief Restructuring Officer Jeffrey T. Varsalone terminated effective immediately; role no longer required.","Board must be reconstituted by May 11, 2026, with two Oxus designees."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":96244,"accession_number":"0001213900-26-048551","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2026-04-28T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Borealis Foods enters $17M Oxus term loan to repay Frontwell; conversion deal could dilute shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["$17M term loan from Oxus Capital at 12% interest, maturing April 2031; no cash interest first 12 months.","Proceeds fully repay Frontwell credit facility; forbearance and CRO engagement terminated.","Conversion agreement: $29M debt from Oxus, CEO, Chairman converts to equity if $70M equity not raised at $9/share by July 1, 2026.","Oxus gets two board seats by May 11, 2026, replacing two current directors.","Loan secured by substantially all assets, including Saluda, SC manufacturing facilities."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":96243,"accession_number":"0001213900-26-047085","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2026-04-23T23:59:59+00:00","items":["3.01","7.01","9.01"],"status":"ready","headline":"Borealis Foods receives Nasdaq deficiency notice for late 2025 Form 10-K","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Received Nasdaq deficiency notice on April 17, 2026 due to delayed 2025 Form 10-K filing.","Has until June 16, 2026 to submit a compliance plan; if accepted, can cure by October 12, 2026.","Expects to file 2025 Form 10-K by May 2026, which would cure the deficiency.","No immediate effect on trading of common stock (BRLS) on Nasdaq Capital Market."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":96242,"accession_number":"0001213900-26-045167","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2026-04-17T23:59:59+00:00","items":["2.04","9.01"],"status":"ready","headline":"Borealis Foods receives default notice from lender; $16.1M debt at risk of acceleration","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Outstanding obligations under Credit Agreement at least $16,116,215.30 as of March 25, 2026.","Company failed to provide satisfactory repayment plan by April 9 milestone, per default notice received April 13.","Lender reserves right to terminate forbearance period (expires April 27) and accelerate entire debt.","Company exploring refinancing, capital-raising, and strategic transactions to address obligations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":96241,"accession_number":"0001213900-26-039351","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2026-04-02T23:59:59+00:00","items":["1.01","5.02","2.04","8.01","9.01"],"status":"ready","headline":"Borealis enters forbearance with Frontwell; appoints CRO; warns of going concern risk","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Outstanding obligations of at least $16.1M as of March 25, 2026; defaults include $26.7M in unauthorized unsecured notes.","Forbearance until April 27, 2026; interest rate increased by 2% to default rate; $50K forbearance fee.","Jeffrey T. Varsalone appointed Chief Restructuring Officer on March 30 with authority exceeding CEO's; must deliver refinancing plan by April 9.","Blocked Notes held by Chairman Barthelemy Helg, CEO Reza Soltanzadeh's entities, and former SPAC sponsor Oxus Capital.","Company evaluating strategic alternatives but cannot assure going concern; failure to meet milestones triggers immediate default."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":109968,"accession_number":"0001213900-26-024674","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2026-03-06T23:59:59+00:00","items":["3.01","9.01"],"status":"ready","headline":"Nasdaq extends Borealis Foods deadline to hold annual meeting to May 31, 2026","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Received Nasdaq letter on March 2, 2026 granting extension to May 31, 2026.","Previously disclosed non-compliance with Listing Rule 5620(a) on Jan 12, 2026.","Extension granted based on plan submitted Jan 26, citing financial condition.","If meeting not held by May 31, Nasdaq may issue delisting notice; company can appeal.","Company intends to hold annual meeting by the end of May 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":109967,"accession_number":"0001213900-26-019022","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2026-02-23T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Borealis Foods enters commitment letter for senior secured credit facility to refinance existing debt","summary_kind":"llm","event_type":"debt","confidence":"medium","bullets":["Commitment letter signed Feb 15, 2026 with a third-party lender for a proposed senior secured term loan and revolving credit facility.","Proceeds intended to refinance existing credit facility with Frontwell Capital Partners Inc. and support ongoing operations.","Facility subject to negotiation of definitive documentation and satisfaction of customary closing conditions; no assurance of consummation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":109966,"accession_number":"0001213900-26-013285","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2026-02-06T23:59:59+00:00","items":["2.04","8.01","9.01"],"status":"ready","headline":"Borealis Foods receives default notice from lender; faces additional reserves if $5M equity not raised in 14 days","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Lender Frontwell Capital Partners notified Borealis of continuing Events of Default under $15M term loan and $10M revolver credit agreement.","Defaults include failure to maintain Excess Availability of $4.375M and non-delivery of October and November 2025 financial statements.","Lender will impose $200K reserve if $5M equity or refinancing commitment not provided within 14 days, then $100K weekly increases.","Credit agreement not accelerated; company is discussing amendments, capital-raising, and liquidity alternatives with no assurances."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":109965,"accession_number":"0001213900-26-009496","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2026-01-29T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Borealis Foods appoints Amin Ajami to board of directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Amin Ajami appointed director effective Jan 29, 2026, filling vacancy from Kanat Mynzhanov's Feb 2025 resignation.","Board found Ajami independent under Nasdaq and SEC rules.","Ajami appointed to Audit, Compensation, and Nominating and Governance committees immediately.","No material interest in any related-party transactions or family relationships with officers/directors.","Ajami will serve until next annual meeting or successor elected."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":109963,"accession_number":"0001213900-26-005661","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K/A","filed_at":"2026-01-20T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Amendment reveals BPB audit reports included going-concern emphasis for FY2023 and FY2024","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["BPB's audit reports for FY2023 and FY2024 contained an emphasis-of-matter paragraph citing substantial doubt about the company's ability to continue as a going concern.","The going-concern risk stems from substantial debt coming due within 12 months and negative cash flow from operations.","CRI was appointed as new independent auditor on Jan 15, 2026, after BPB resigned on Jan 13, 2026, following CRI's acquisition of BPB's capital markets practice.","No disagreements or reportable events (as defined in Reg S-K Item 304) existed between the company and BPB during the covered fiscal years."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":109964,"accession_number":"0001213900-26-005154","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2026-01-16T23:59:59+00:00","items":["3.01","4.01","9.01"],"status":"ready","headline":"Borealis Foods receives Nasdaq delisting notice for missing annual meeting deadline; auditor changes to CRI","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Nasdaq notified Borealis it failed to hold annual meeting within 12 months of fiscal year end, risking delisting.","Company has until Feb 26, 2026 to submit a compliance plan; if accepted, exception until June 29, 2026 to hold meeting.","Auditor BPB resigned effective Jan 13, 2026 after CRI acquired its capital markets practice; CRI appointed Jan 15, 2026.","No disagreements or reportable events between company and BPB during fiscal years 2023 and 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":126542,"accession_number":"0001213900-25-122266","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2025-12-16T23:59:59+00:00","items":["2.04","8.01","9.01"],"status":"ready","headline":"Borealis Foods receives default notice from lender; default interest rate triggered","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Frontwell Capital Partners notified Borealis of Events of Default under $15M term loan and $10M revolver.","Defaults include failure to maintain $4.375M excess availability and late financial reports.","Lender elected to charge interest at Default Rate (2% + applicable rate) effective Nov 12, 2025.","Credit Agreement remains in effect; lender may decline further revolving loan advances.","Company is negotiating with lender and evaluating capital-raising and liquidity alternatives."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":126541,"accession_number":"0001213900-25-112705","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2025-11-19T23:59:59+00:00","items":["2.04","8.01","9.01"],"status":"ready","headline":"Borealis Foods receives lender default notice; cash dominion imposed, borrowing restricted","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Lender Frontwell asserts multiple Events of Default, including Excess Availability of ~$501K vs required $4.375M and missing financial reports since August 2024.","Lender imposed cash dominion over borrower deposit accounts; no obligation to honor further Revolving Loans.","Borrower reduced Revolving Loan balance from $10.2M to $3.55M as of Nov 19, 2025, and provided requested financial reports.","Company evaluating implications, in discussions with advisors; lender has not yet accelerated obligations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":143290,"accession_number":"0001213900-25-085855","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2025-09-09T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Borealis Foods Q2 revenue up 36% to $7.2M; gross profit rises 22%; SG&A down 31%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net revenue grew to $7.2 million in Q2 2025, up from $5.3 million in Q2 2024 (36% increase).","Gross profit increased to $514,888; non-GAAP gross profit (excl. D&A) was $988,759, up from $818,000.","SG&A expenses fell 31% to $3.9 million from $5.6 million, driven by improved sales/marketing efficiency.","Chef Woo ramen won American Masters of Taste Gold Medal and Editor's Top Pick from Food & Beverage Magazine."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":143289,"accession_number":"0001213900-25-084534","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2025-09-04T23:59:59+00:00","items":["3.01","9.01"],"status":"ready","headline":"Borealis Foods receives Nasdaq notice for audit committee non-compliance; cure period until Feb 1, 2026","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq notified Borealis of non-compliance with Listing Rule 5605(c)(2)(A) for audit committee composition.","Audit Committee had only 2 independent directors after Kanat Mynzhanov resigned from the board.","Company has cure period until the earlier of next annual shareholders' meeting or February 1, 2026.","Notice has no immediate effect on listing of common shares or warrants on Nasdaq."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":143288,"accession_number":"0001213900-25-078601","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2025-08-19T23:59:59+00:00","items":["1.01","2.03","5.02","9.01"],"status":"ready","headline":"Borealis Foods borrows $980k from Chairman at 10%; CEO salary deferred from Feb 2025","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued promissory notes to Chairman for $980k aggregate principal, 10% interest, due on demand.","Chairman had advanced $980k in funds from June 5 to Aug 14, 2025, now formalized.","CEO salary accrued but not paid from Feb 1, 2025; $125k accrued payroll expense recorded in Q2.","Notes may be prepaid without penalty; default rate increases to 15%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":161430,"accession_number":"0001213900-25-047973","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2025-05-28T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Borealis Foods reports Q1 gross margin improvement to 13% and $2M from new food service partner","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Q1 2025 gross margin 13% vs 3% YoY; gross profit ~$900K vs ~$242K; ex-D&A margin would be 19%.","SG&A expenses down 37% to $3.8M, driven by lower professional services and shift from DTC.","Large national food service customer contributed $2M in first full quarter, supplying K-12 and prisons.","Partnership with multinational food company began shipping ramen in Q1; products in global retail.","Discussions underway with potential strategic and financial partners for financing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":161429,"accession_number":"0001213900-25-045949","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2025-05-20T23:59:59+00:00","items":["1.01","2.03","5.02","9.01"],"status":"ready","headline":"Borealis Foods issues $2.79M demand promissory notes to CEO/Chairman; CEO salary unpaid","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Borrowed $2,785,000 from CEO and Chairman via demand promissory notes bearing 10% annual interest.","Notes due on demand; funds advanced between Jan 15 and May 2, 2025.","CEO salary not paid since Feb 1, 2025; $169,000 accrued as payroll expense.","Default interest rate of 15% if unpaid; notes may be prepaid without penalty."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":179604,"accession_number":"0001213900-25-001158","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2025-01-06T23:59:59+00:00","items":["1.01","5.02","9.01"],"status":"ready","headline":"Borealis Foods extends two promissory notes; director Kanat Mynzhanov resigns","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Extended maturity of $7.6M Oxus Capital note from Feb 7, 2025 to Feb 7, 2026.","Extended maturity of $0.5M Roya Foods note from Dec 31, 2024 to Dec 31, 2025.","Director Kanat Mynzhanov resigns effective Feb 1, 2025; no disagreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":196351,"accession_number":"0001628280-24-047970","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2024-11-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Borealis Foods Q3 net sales $7.7M, gross margin 17%, net loss improves to $4.8M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $7.7M, up 45% sequentially from $5.3M; gross margin 17% (vs 8% Q2) on premium Chef Woo/Woodles mix.","Non-GAAP gross margin 23%; gross profit $1.3M, more than tripled from $0.4M in Q2.","Net loss narrowed to $4.8M from $6.3M Q2; adjusted EBITDA turned positive at $17,000.","Post-Q3 added Walmart locations; Woodles school rollout began; exclusive ramen mfg partnership with global food conglomerate (revenue Q1 2025).","Cash $0.7M with $3.5M revolver capacity; mgmt expects sequential growth and margin expansion in Q4."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.98,"consensus_revenue_estimate":null,"consensus_revenue_actual":20908612.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":212644,"accession_number":"0001628280-24-038033","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K/A","filed_at":"2024-08-21T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Borealis Foods CEO reports Q2 gross margin 7.9%, expects stronger H2 2024","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Q2 2024 gross margin of 7.9%, the third consecutive quarter of positive margins.","Gross profit dollars improved 24% vs. year-ago quarter; Chef Woo brand shipments rose over 5x.","Institutional channel sales ramping: already shipping to schools in 20 U.S. states.","Gordon Ramsay serves as Brand Ambassador and shareholder; new flavors expected in fall.","CEO Reza Soltanzadeh reports solid progress on resolving the going concern issue."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":212646,"accession_number":"0001628280-24-037891","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2024-08-20T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Borealis Foods CEO reports Q2 gross margin of 7.9%, expects stronger H2 2024","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Q2 gross margin 7.9%, third consecutive positive quarter; gross profit dollars up 24% YoY.","Chef Woo brand shipments increased over 5x from year-ago quarter as company pivots to higher-margin products.","Distribution expanding: now shipping to schools in 20 U.S. states; institutional sales ramp-up expected this fall.","Gordon Ramsay serves as brand ambassador and shareholder; new flavors to hit shelves this fall.","Company is actively working to resolve the going concern issue noted in recent SEC filings."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":212645,"accession_number":"0001213900-24-060523","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2024-07-10T23:59:59+00:00","items":["1.01","5.02","9.01"],"status":"ready","headline":"Borealis Foods enters into CEO employment agreement with Reza Soltanzadeh","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Base salary of $500,000 per year, effective July 8, 2024.","Eligible for annual discretionary bonus and equity awards up to 1% of outstanding common shares.","Non-competition and non-solicitation covenants for 12 months after termination.","Severance includes 12 months' base salary if terminated without cause.","Agreement recognizes prior service since August 2019."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":231664,"accession_number":"0001213900-24-050198","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2024-06-06T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Borealis Foods authorizes $3.0M stock buyback program through May 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board authorized up to $3.0M in common share repurchases; program expires May 30, 2025.","CEO says current valuation does not reflect business strength; buyback aims to enhance shareholder value.","Repurchases may be made in open market, block trades, or via Rule 10b5-1 plans at management's discretion.","Funding from cash on hand and operations; no obligation to purchase any specific amount.","Program may be suspended, terminated, or modified at any time without prior notice."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":231663,"accession_number":"0001213900-24-046088","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2024-05-23T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Borealis Foods CEO issues shareholder letter; expects to resolve going concern by end of 2024","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["CEO outlines product mix improvement led to gross profit in Q4 2023 and Q1 2024.","Woodles product expected to ship to U.S. schools in Q3 2024, positively impacting sales.","Inclusion in Feeding America program makes Chef Woo ramen available at ~600 Sam's Clubs.","Company expects to resolve going concern issue by end of 2024 through majority shareholder debt support.","Investments in R&D, marketing, and Gordon Ramsay brand ambassador to drive demand."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":231662,"accession_number":"0001213900-24-033164","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2024-04-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Borealis Foods CEO letter: $50M injection, Gordon Ramsay partnership, 18.5% retail sales growth in 2023","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Secured $50 million capital injection to fund growth.","Partnered with Gordon Ramsay as brand ambassador/investor; launched Woodles in U.S. schools winning 'Best Foodservice Initiative'.","Retail product sales (Chef Woo, Ramen Express) up 18.5% in 2023; distribution to 18,000+ U.S. stores, 3,300+ Canada, 700+ Mexico.","E-commerce (Amazon) sales nearly 8x growth in 2023; European retail started with 300 stores, pipeline of 3,000 more.","Woodles institutional expansion includes schools, military, correctional facilities; Feeding America partnership at 600 Sam's Clubs."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.49,"consensus_revenue_estimate":null,"consensus_revenue_actual":7895433.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":231661,"accession_number":"0001213900-24-032971","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K/A","filed_at":"2024-04-15T23:59:59+00:00","items":["1.01","2.01","9.01","5.02","3.02","4.01","2.02","3.03","5.01","5.03","5.05","5.06","7.01"],"status":"ready","headline":"Borealis Foods closes SPAC merger; issues 13.3M shares at $133M valuation, defers most closing fees","summary_kind":"llm","event_type":"m_and_a","confidence":"medium","bullets":["Business combination closed Feb 7, 2024; Borealis shareholders received 13.3M New Borealis Common Shares valued at $133M (after $17M net indebtedness).","Exchange ratio: 0.0661 New Borealis shares per Borealis share; 201.2M pre-closing shares.","New investor notes ($30M from Belphar, Saule, Aman, GSS) converted into 4,163,510 New Borealis Common Shares post-closing.","Majority of closing transaction fees deferred to first anniversary of closing date.","Post-combination board includes Reza Soltanzadeh (CEO), Barthelemy Helg (Chairman), seven independent directors; Belphar nominee Shukhrat Ibragimov."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":249979,"accession_number":"0001213900-24-013332","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2024-02-13T23:59:59+00:00","items":["1.01","2.01","5.02","3.02","9.01","4.01","2.02","3.03","5.01","5.03","5.06","7.01"],"status":"ready","headline":"Borealis Foods closes SPAC merger with Oxus Acquisition Corp., valued at $133M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Aggregate transaction consideration of $133M after deducting $17M net indebtedness; 13.3M new shares issued.","Investor notes totaling $30M (Belphar $20M, Saule $5M, Aman $2M, GSS $3M) converted into 4,163,510 common shares.","Sponsor note amended to $6M principal, maturity extended to February 7, 2025.","Board: 11 directors; CEO Reza Soltanzadeh, Chairman Barthelemy Helg, Belphar nominee Shukhrat Ibragimov.","Lock-up: 50% of restricted securities locked for 12 months or until stock price >= $12 for 20 trading days."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":249980,"accession_number":"0001213900-24-009745","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2024-02-02T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"Oxus Acquisition Corp. shareholders approve business combination with Borealis Foods; ~$21.4M redeemed","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Extraordinary general meeting on Feb 2, 2024 approved all proposals for the business combination with Borealis Foods Inc.","Business Combination Proposal received 5,082,433 votes for and 66,210 against.","Shareholders redeemed 1,886,751 Class A shares, removing ~$21.36M from trust ($11.32 per share).","Continuance, governing documents, share issuance, and incentive plan proposals also passed.","78.58% of voting power present; adjournment not needed as sufficient votes were cast."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":267489,"accession_number":"0001213900-23-094053","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2023-12-07T23:59:59+00:00","items":["5.03","5.07","9.01"],"status":"ready","headline":"Oxus Acquisition Corp. shareholders approve extension to June 8, 2024; ~9,800 shares redeemed","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Extension proposal approved with 5,678,327 for, 66,654 against; 87.55% of shares represented.","Charter amended to extend business combination deadline from Dec 8, 2023 to June 8, 2024.","Holders redeemed 9,837 Class A shares at ~$11.20 per share, total $110,194.47.","Remaining trust account balance approximately $21.73 million after redemptions.","Adjournment proposal was not presented at the meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":267488,"accession_number":"0001013762-23-002548","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2023-10-06T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Oxus Acquisition Corp. amends promissory note with sponsor, increasing capacity to $6M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Second Amended and Restated Promissory Note raises borrowing limit from $3.5M to $6M with sponsor Oxus Capital PTE. LTD.","Note is non-interest bearing and due upon consummation of initial business combination.","As of October 4, 2023, outstanding unpaid balance is $3.35M under the amended note.","The new note replaces and supersedes the February 28, 2023 promissory note in full."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":284720,"accession_number":"0001213900-23-068568","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2023-08-17T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Oxus Acquisition Corp. amends business combo pact with Borealis; equity plan share pool cut to 5%","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Equity incentive plan share pool reduced from 15% to 5% of New SPAC shares outstanding post-closing.","Plan of Arrangement replaced to reflect CBCA/OBCA provisions and changes to the New Oxus Amalgamation.","New SPAC Bylaws amended to add audit committee appointment and clarify quorum requirements for shareholder meetings.","Amendment dated Aug 11, 2023; all other terms of original Feb 23, 2023 Business Combination Agreement remain unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":284719,"accession_number":"0001213900-23-068032","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2023-08-16T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Oxus files S-4 for Borealis combination; Borealis 2022 rev $27.5M, +93% YoY","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Borealis 2022 gross revenue $27.5M vs $14.3M in 2021; Q1 2023 revenue $8.7M.","Borealis developed world's first plant-based high-protein ramen with 20g protein.","Business combination expected to close late Q4 2023.","Oxus CEO Kanat Mynzhanov says Borealis positioned to fight world hunger."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":304469,"accession_number":"0001213900-23-048585","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2023-06-13T23:59:59+00:00","items":["3.01","9.01"],"status":"ready","headline":"Oxus Acquisition Corp. receives Nasdaq deficiency notice for minimum public holders","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq notified Oxus on June 12, 2023, of non-compliance with Listing Rule 5550(a)(3) requiring at least 300 public holders.","Company has 45 calendar days to submit a compliance plan; listing not immediately affected.","If plan accepted, Nasdaq may grant up to 180-day extension; otherwise, Company can appeal to a Hearings Panel.","Trading symbols: OXUSU, OXUS, OXUSW on Nasdaq Capital Market."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":304468,"accession_number":"0001213900-23-029133","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2023-04-12T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Oxus Acquisition sponsor converts 1.5M Class B shares to Class A","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Oxus Capital Pte. Ltd. converted 1,500,000 Class B shares into Class A shares on a one-for-one basis on April 5, 2023.","Post-conversion: 6,561,968 total shares outstanding; 3,749,468 Class A and 2,812,500 Class B.","Conversion was conducted per the Company's second amended and restated memorandum and articles of association.","No change in total ordinary shares outstanding; reclassification only."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":324057,"accession_number":"0001213900-23-017125","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2023-03-03T23:59:59+00:00","items":["5.03","5.07","9.01"],"status":"ready","headline":"Oxus Acquisition Corp. shareholders approve extension to Dec 8, 2023; ~$159M redeemed, trust reduced to ~$20.3M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Extension of business combination deadline from March 8, 2023 to December 8, 2023 approved.","Founder share conversion right (Class B to Class A on one-for-one basis) approved.","15,300,532 Class A shares redeemed at ~$10.41/share, aggregate ~$159.34 million.","Trust account balance reduced to approximately $20.3 million after redemptions.","Votes: 14,189,931 for, 2,585,464 against on both Extension and Founder Share Amendment proposals."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":324056,"accession_number":"0001213900-23-016189","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2023-03-01T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Oxus Acquisition Corp. enters definitive business combination with Borealis Foods valued at $150M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Borealis shareholders to receive New Oxus shares valued at $150M less net indebtedness, divided by $10.00 per share.","Closing conditions include minimum $30M available cash, Borealis debt ≤ $17M, and Oxus net tangible assets ≥ $5,000,001.","Sponsor provided $20M convertible note financing (Oct 2022); new investor convertible note of $20M signed Feb 8, 2023.","Amended promissory note with sponsor increases borrowing capacity to $3.5M; $1.5M outstanding as of Mar 1, 2023.","Termination fee of $5M payable by Borealis in certain termination scenarios; outside date Dec 8, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":324055,"accession_number":"0001213900-23-015171","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2023-02-28T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Oxus Acquisition Corp. adjourns extraordinary general meeting to March 2, 2023 for extension vote","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Meeting convened and adjourned without business; reconvenes March 2, 2023 at 8:30 a.m. ET.","Proposal to extend business combination deadline from March 8, 2023 to December 8, 2023.","Proposal to allow Class B ordinary shares to convert to Class A on a one-for-one basis before closing.","Record date for the meeting remains January 25, 2023.","Shareholders who have not yet voted are urged to submit proxies promptly."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":324054,"accession_number":"0001213900-23-014134","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2023-02-24T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Oxus Acquisition Corp. signs definitive business combination with Borealis Foods at $150M EV","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Transaction values Borealis at $150M pre-money enterprise value; expected to close Q3 2023.","Borealis is a food tech company with plant-based ramen; US subsidiary Palmetto has 600M meal annual capacity.","Combined company to be led by Borealis CEO Reza Soltanzadeh and Chairman Barthelemy Helg.","Oxus raised ~$172.5M in IPO; transaction requires shareholder approvals from both companies.","Borealis developed world's first mass-produced plant-based ramen with 20g complete protein per serving."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":324053,"accession_number":"0001213900-23-014293","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K/A","filed_at":"2023-02-24T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Oxus Acquisition Corp. signs definitive business combination with Borealis Foods at $150M equity value","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Transaction values Borealis at $150M equity; Oxus raised ~$172.5M in IPO.","Sponsor invested $20M convertible note in Dec 2022; additional $20M note from third-party expected April 2023.","Borealis subsidiary Palmetto Gourmet Foods has 600M annual ramen meal capacity; products sold in US, Canada, soon Europe.","Combined company to be led by Borealis CEO Reza Soltanzadeh and Chairman Barthelemy Helg; board of 7 directors, 5 independent.","Transaction expected to close Q3 2023, subject to shareholder approval and customary conditions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":358838,"accession_number":"0001213900-22-055860","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2022-09-14T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Oxus Acquisition Corp. enters up to $1.5M promissory note with sponsor for working capital","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Promissory note with sponsor Oxus Capital PTE. LTD allows borrowings up to $1.5M, non-interest bearing.","Note is due upon consummation of initial business combination; no amounts outstanding as of Sep 13, 2022.","Proceeds used for advisory and other costs; trust account proceeds are waived from repayment claims.","Board of directors approved the note on Sep 6, 2022; any prepayment is allowed before maturity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":377615,"accession_number":"0001213900-22-031354","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2022-06-06T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Oxus Acquisition Corp. director resigns; Karim Zahmoul appointed to board and audit committee","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Sergei Ivashkovsky resigned as director effective May 31, 2022; no disagreement with the Company.","Board appointed Karim Zahmoul to fill the vacancy effective June 1, 2022; he will serve on the audit committee.","Karim Zahmoul has 25 years investment banking experience; founder/CEO of EMVirya Ltd, former MD at Barclays and Deutsche Bank."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":432946,"accession_number":"0001213900-21-048045","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2021-09-15T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Oxus Acquisition Corp. closes $150M IPO and $8.4M PIPE; trust funded with $153M; over-allotment fully exercised","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["IPO of 15M units at $10.00 each raised $150M; private placement of 8.4M warrants at $1.00 raised $8.4M.","Net proceeds of $153M deposited in trust account ($10.20 per unit) for future business combination.","Underwriters fully exercised over-allotment on Sep 13, 2021: additional 2.25M units ($22.5M) and 900K private warrants ($0.9M).","Total trust account increased to $175.95M after over-allotment closing.","SPAC targets energy transition technologies (battery materials, EV infrastructure, recycling) in emerging markets."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":432945,"accession_number":"0001213900-21-047172","cik":1852973,"company_name":"Borealis Foods Inc.","ticker":"BRLS","form_type":"8-K","filed_at":"2021-09-09T23:59:59+00:00","items":["1.01","3.02","5.02","5.03","8.01","9.01"],"status":"ready","headline":"Oxus Acquisition Corp. closes $150M SPAC IPO; $153M placed in trust","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["IPO of 15M units at $10.00 each, gross $150M; units trade on Nasdaq under OXUSU.","Private placement of 8.4M warrants at $1.00 each to sponsor and underwriters, raising $8.4M.","Net proceeds of $153M deposited in trust account for future business combination or redemption within 18 months.","Board appoints Christophe Charlier, Sergey Ivashkovsky, Shiv Vikram Khemka as directors.","Amended articles authorize up to 500M Class A, 50M Class B, and 5M preference shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":30907160.589473683,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2021-09-09T23:59:59+00:00|432945"}