Borealis Foods Inc. received a Nasdaq notice of non-compliance due to delayed filing of its 2025 Form 10-K, with no immediate impact on trading and plans to file by May 2026.
Key takeaways
Received Nasdaq Notice on April 17, 2026, for failure to file 2025 Form 10-K by deadline, violating Listing Rule 5250(c)(1).
No immediate effect on listing or trading of common stock on Nasdaq Capital Market.
Must submit compliance plan by June 16, 2026; potential extension to October 12, 2026 if accepted.
Intends to file 2025 Form 10-K as soon as practicable, no later than May 2026 to regain compliance.
Press release issued April 23, 2026, furnished as Exhibit 99.1 (not filed under Exchange Act).