BRLS Borealis Foods Inc.

CIK 0001852973 20 ready 8-Ks latest May 01, 2026 23:59 UTC RSS · JSON

Ready 8-Ks 20

Latest filing May 15, 2026 20:16 UTC

Top materiality 0.85

Event mix debt ×7 · other_material ×6 · regulatory ×3

Sentiment 3 pos · 12 neg · 5 neu

Recent 8-K filings for BRLS

Highest-materiality recent filing

Borealis Foods enters $17M term loan with Oxus, repays Frontwell; potential equity conversion up to $33.3M

May 01, 2026 23:59 UTC debt materiality 0.85 negative item 1.01 item 1.02 item 2.03 item 3.02 item 5.02 item 8.01 item 9.01

Borrowed $17M from Oxus Capital at 12% interest, maturing 2031; used ~$16.2M to repay Frontwell credit facility.
Conversion Agreement: $29.1M principal + $4.2M accrued interest may convert to common shares if $70M equity raise not done by July 1, 2026.

Read filing →

May 01, 2026 23:59 UTC debt materiality 0.85 negative item 1.01 item 1.02 item 2.03 item 3.02 item 5.02 item 8.01 item 9.01

Borealis Foods enters $17M term loan with Oxus, repays Frontwell; potential equity conversion up to $33.3M

Borrowed $17M from Oxus Capital at 12% interest, maturing 2031; used ~$16.2M to repay Frontwell credit facility.
Apr 28, 2026 23:59 UTC other_material materiality 0.85 positive item 7.01 item 9.01

Borealis Foods enters $17M Oxus term loan to repay Frontwell; conversion deal could dilute shares

$17M term loan from Oxus Capital at 12% interest, maturing April 2031; no cash interest first 12 months.
Apr 23, 2026 23:59 UTC regulatory materiality 0.60 negative item 3.01 item 7.01 item 9.01

Borealis Foods receives Nasdaq deficiency notice for late 2025 Form 10-K

Received Nasdaq deficiency notice on April 17, 2026 due to delayed 2025 Form 10-K filing.
Apr 17, 2026 23:59 UTC debt materiality 0.85 negative item 2.04 item 9.01

Borealis Foods receives default notice from lender; $16.1M debt at risk of acceleration

Outstanding obligations under Credit Agreement at least $16,116,215.30 as of March 25, 2026.
Apr 02, 2026 23:59 UTC other_material materiality 0.85 negative item 1.01 item 5.02 item 2.04 item 8.01 item 9.01

Borealis enters forbearance with Frontwell; appoints CRO; warns of going concern risk

Outstanding obligations of at least $16.1M as of March 25, 2026; defaults include $26.7M in unauthorized unsecured notes.
Feb 06, 2026 23:59 UTC other_material materiality 0.85 negative item 2.04 item 8.01 item 9.01

Borealis Foods receives default notice from lender; faces additional reserves if $5M equity not raised in 14 days

Lender Frontwell Capital Partners notified Borealis of continuing Events of Default under $15M term loan and $10M revolver credit agreement.
Jan 20, 2026 23:59 UTC other_material materiality 0.85 negative item 4.01 item 9.01

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

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.
Jan 16, 2026 23:59 UTC other_material materiality 0.60 negative item 3.01 item 4.01 item 9.01

Borealis Foods receives Nasdaq delisting notice for missing annual meeting deadline; auditor changes to CRI

Nasdaq notified Borealis it failed to hold annual meeting within 12 months of fiscal year end, risking delisting.
Dec 16, 2025 23:59 UTC debt materiality 0.80 negative item 2.04 item 8.01 item 9.01

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

Frontwell Capital Partners notified Borealis of Events of Default under $15M term loan and $10M revolver.
Nov 19, 2025 23:59 UTC debt materiality 0.80 negative item 2.04 item 8.01 item 9.01

Borealis Foods receives lender default notice; cash dominion imposed, borrowing restricted

Lender Frontwell asserts multiple Events of Default, including Excess Availability of ~$501K vs required $4.375M and missing financial reports since August 2024.
Sep 09, 2025 23:59 UTC earnings materiality 0.60 positive item 8.01 item 9.01

Borealis Foods Q2 revenue up 36% to $7.2M; gross profit rises 22%; SG&A down 31%

Net revenue grew to $7.2 million in Q2 2025, up from $5.3 million in Q2 2024 (36% increase).
Sep 04, 2025 23:59 UTC regulatory materiality 0.60 negative item 3.01 item 9.01

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

Nasdaq notified Borealis of non-compliance with Listing Rule 5605(c)(2)(A) for audit committee composition.
Aug 19, 2025 23:59 UTC debt materiality 0.65 negative item 1.01 item 2.03 item 5.02 item 9.01

Borealis Foods borrows $980k from Chairman at 10%; CEO salary deferred from Feb 2025

Issued promissory notes to Chairman for $980k aggregate principal, 10% interest, due on demand.
May 28, 2025 23:59 UTC other_material materiality 0.75 positive item 8.01 item 9.01

Borealis Foods reports Q1 gross margin improvement to 13% and $2M from new food service partner

Q1 2025 gross margin 13% vs 3% YoY; gross profit ~$900K vs ~$242K; ex-D&A margin would be 19%.
May 20, 2025 23:59 UTC debt materiality 0.75 negative item 1.01 item 2.03 item 5.02 item 9.01

Borealis Foods issues $2.79M demand promissory notes to CEO/Chairman; CEO salary unpaid

Borrowed $2,785,000 from CEO and Chairman via demand promissory notes bearing 10% annual interest.

Materiality & sentiment trend

Max materiality 0.85 · Median 0.70 · Most common event debt

3 positive 12 negative 5 neutral

source · BRLS on sec.gov