BRLS

TORONTO, April 23, 2026 (GLOBE NEWSWIRE) -- Borealis Foods Inc. (Nasdaq: BRLS) (the “Company”) today announced that on April 17, 2026, the Company received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to the Company's failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “2025 Form 10-K”) with the Securities and Exchange Commission (the “SEC”). The Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. In accordance with Nasdaq's listing rules, the Company has until June 16, 2026 to submit a plan of compliance to Nasdaq addressing how the Company intends to regain compliance with the Listing Rule. If Nasdaq accepts the Company's plan, Nasdaq may grant the Company up to 180 calendar days from the filing's due date, or until October 12, 2026, to regain compliance. The Company intends to file the 2025 Form 10-K as soon as practicable but anticipates no later than May 2026, which the Company believes will cure the deficiency and regain compliance with the Listing Rule. About Borealis Foods Inc. Borealis Foods Inc. is a food science company focused on developing and commercializing innovative, nutritious, and affordable food products. The Company's common stock is listed on the Nasdaq Capital Market under the symbol “BRLS.” www.borealisfoods.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements regarding the Company's anticipated timing for filing the 2025 Form 10-K and the Company's ability to regain compliance with Nasdaq's listing rules. Forward-looking statements are generally identified by words such as “anticipates,” “believes,” “expects,” “intends,” “plans,” “will” and similar expressions. These statements are based on the Company's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including risks related to the completion of the Company's financial statements a...

NEW YORK, Sept. 8, 2025 /PRNewswire/ - Borealis Foods Inc. (Nasdaq: BRLS), a leading food science innovator, proudly announces that its Chef Woo® high-protein ramen has earned top honors from two of the food industry's most respected tastemakers. Following a national triple-blind taste test, Chef Woo was awarded the American Masters of Taste Gold Medal for Superior Taste by Chefs In America, the nation's longest-standing independent culinary endorsement organization. The judging panel of over 6,500 professional chefs recognized the standout flavor, quality, and innovation of Chef Woo's Roasted Chicken, Tequila Lime, and Baja Chili ramen — making Chef Woo the only ramen brand in the U.S. to receive this distinction. "Chef Woo has successfully formulated a line of instant ramen that goes beyond the basic 'cup of noodles,'" said a representative of Chefs In America. "This brand stood out for its bold flavors, culinary versatility, and commitment to plant-based protein — all with exceptional taste and accessibility." Adding to its accolades, Chef Woo was also named an Editor's Top Pick by Food & Beverage Magazine in its August 2025 issue. Recognized under the Best in Sips & Snacks feature, this award highlights standout products for 2025, hand-selected by editors for exceptional innovation, taste, and consumer appeal. "These two recognitions validate the heart of our mission: making nutritious, affordable, and craveable meals available to all," said Reza Soltanzadeh, CEO of Borealis Foods. "We're thrilled to see Chef Woo leading the way in redefining instant meals with both culinary credibility and consumer excitement." Q2 2025 Financial Highlights Net revenue grew to $7.2 million, up 36% compared with $5.3 million in Q2 2024. Gross profit increased to $514,888 versus $422,322 last year. Excluding depreciation and amortization, Q2 non-GAAP gross profit would have been $988,759, up from $818,000. Total SG&A expenses for the quarter declined 31% to $3.9 million, compared to $5.6 million in the second quarter of 2024, as Borealis was able to improve sales and marketing spend efficiency while also reducing training and general and administrative expense. CEO Commentary "We are experiencing significant tail winds in the business as our higher-margin SKUs roll out both nationally and internationally, and we are seeing extraordinary demand across both retail and foodse...