{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-047973","form_type":"8-K","ticker":"BRLS","cik":"0001852973","company_name":"Borealis Foods Inc.","filed_at":"2025-05-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.161214+00:00","generated_at":"2026-05-20T08:37:47.980712+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Borealis Foods reports Q1 gross margin improvement to 13% and $2M from new food service partner","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-047973","json":"https://secwatch.observer/filing/0001213900-25-047973.json","markdown":"https://secwatch.observer/filing/0001213900-25-047973.md","text":"https://secwatch.observer/filing/0001213900-25-047973.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1852973/000121390025047973/0001213900-25-047973-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1852973/000121390025047973/ea0243582-8k_borealis.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T08:37:47.980712+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}