{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-122266","form_type":"8-K","ticker":"BRLS","cik":"0001852973","company_name":"Borealis Foods Inc.","filed_at":"2025-12-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.817379+00:00","generated_at":"2026-05-16T13:05:29.031534+00:00","sec_items":["2.04","8.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"confidence":"high","headline":"Borealis Foods receives default notice from lender; default interest rate triggered","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-122266","json":"https://secwatch.observer/filing/0001213900-25-122266.json","markdown":"https://secwatch.observer/filing/0001213900-25-122266.md","text":"https://secwatch.observer/filing/0001213900-25-122266.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1852973/000121390025122266/0001213900-25-122266-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1852973/000121390025122266/ea0269919-8k_borealis.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:05:29.031534+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"}