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.

Borealis Foods Inc. reported preliminary U.S. K–12 school foodservice revenue for the six months ended June 30, 2026, which increased 110% compared to the same period in 2025. The company has expanded its presence to more than 20,000 schools across approximately 2,500 districts and ships through 106 distributors in 40 states. This unaudited data reflects growing adoption of its versatile noodle products within institutional nutrition programs. Borealis Foods Inc. is a food technology and manufacturing company focused on developing and commercializing nutritious, affordable and sustainable food products.

Borealis Foods Inc. received a notice from Nasdaq regarding its failure to meet the minimum Market Value of Listed Securities (MVLS) requirement of $35,000,000 for continued listing on the Nasdaq Capital Market. The company has a 180-day compliance period ending December 29, 2026, to regain compliance. Borealis Foods Inc. operates in the food industry and provides food products to consumers.