---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-084534"
form_type: "8-K"
ticker: "BRLS"
cik: "0001852973"
company_name: "Borealis Foods Inc."
filed_at: "2025-09-04T23:59:59+00:00"
generated_at: "2026-05-17T08:21:25.793766+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Borealis Foods receives Nasdaq notice for audit committee non-compliance; cure period until Feb 1, 2026

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-084534
- form_type: 8-K
- ticker: BRLS
- cik: 0001852973
- company_name: Borealis Foods Inc.
- filed_at: 2025-09-04T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852973/000121390025084534/0001213900-25-084534-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852973/000121390025084534/ea0255851-8k_borealis.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-084534
- JSON: https://secwatch.observer/filing/0001213900-25-084534.json
- Plain text: https://secwatch.observer/filing/0001213900-25-084534.txt

## Key facts
- Listing & Compliance Notices
  Borealis Foods Inc. received a nasdaq deficiency notice notice regarding audit committee (rules 5605(c)(2)(A), 5605(c)(4), 10A-3).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: audit committee
  - Rules: 5605(c)(2)(A), 5605(c)(4), 10A-3
  source text: August 29, 2025, Borealis Foods Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with the audit committee composition requirement set forth in Nasdaq Listing Rule 5605(c)(2)(A) (the “Nasdaq Composition Requirements”) due to the resignation of Kanat Mynzhanov from the Company’s board of directors (the “Board”). As described in the Company’s Current Report on Form 8-K, which was filed with the SEC on January 6, 2025. Specifically, when the Notice was issued, the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852973/000121390025084534/0001213900-25-084534-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.