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Borealis Foods Inc. received a notice from Nasdaq on August 26, 2026, indicating non-compliance with Listing Rule…
BRLSBorealis Foods Inc.
Borealis Foods Inc. received a notice from Nasdaq on August 26, 2026, indicating non-compliance with Listing Rule 5250(c)(1) due to the delayed filing of its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2026. The delay resulted from a review with independent auditors regarding the accounting treatment of a previously disclosed Conversion Agreement, which requires shareholder approval under Nasdaq rules. The notice has no immediate effect on trading; however, Borealis must submit a compliance plan by October 26, 2026, and may have until February 16, 2027, to regain compliance if the plan is accepted. This regulatory setback highlights potential governance and reporting risks for the integrated food technology and manufacturing company.