---
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"
generated_at: "2026-05-16T13:05:29.031534+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Borealis Foods receives default notice from lender; default interest rate triggered

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- confidence: high
- sec_items: 2.04, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-122266
- JSON: https://secwatch.observer/filing/0001213900-25-122266.json
- Plain text: https://secwatch.observer/filing/0001213900-25-122266.txt

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