---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-005661"
form_type: "8-K/A"
ticker: "BRLS"
cik: "0001852973"
company_name: "Borealis Foods Inc."
filed_at: "2026-01-20T23:59:59+00:00"
generated_at: "2026-05-16T09:36:32.313996+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Amendment reveals BPB audit reports included going-concern emphasis for FY2023 and FY2024

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-005661
- form_type: 8-K/A
- ticker: BRLS
- cik: 0001852973
- company_name: Borealis Foods Inc.
- filed_at: 2026-01-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852973/000121390026005661/0001213900-26-005661-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852973/000121390026005661/ea0273402-8ka1_borealis.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-005661
- JSON: https://secwatch.observer/filing/0001213900-26-005661.json
- Plain text: https://secwatch.observer/filing/0001213900-26-005661.txt

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