BRLS · Borealis Foods Inc.

Summary

Borealis Foods Inc. received a letter from Nasdaq on March 2, 2026, accepting its plan to regain compliance with Listing Rule 5620(a) requiring an annual shareholder meeting, granting an extension until May 31, 2026. Failure to hold the meeting by then will trigger a delisting notice, which the Company intends to avoid.

Key takeaways

• Nasdaq notified Borealis Foods Inc. of non-compliance with Rule 5620(a) on January 12, 2026
• Company submitted compliance plan on January 26, 2026 due to financial condition
• Extension granted until May 31, 2026 to hold annual shareholder meeting
• Non-compliance by deadline will result in delisting notice with appeal option
• Nasdaq letter filed as Exhibit 99.1