Every material Form 8-K Borealis Foods Inc. has filed with the SEC since August 26, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Borealis Foods notified Nasdaq on November 4, 2026 that its audit committee had only two members from September 28 to October 29, 2026, below the three-member minimum, and says it regained compliance after the Board appointed Danat Shiderkulov on October 29. The filing also discloses that lender Saule Algaziyeva, mother of director Zaure Algaziyeva, became the lender under the company's credit agreement and holder of a convertible note on July 31, 2026, leading the Board to find Zaure Algaziyeva no longer independent.
Nasdaq was notified on November 4, 2026 of an audit committee shortfall under Listing Rule 5605(c)(2)(A) from September 28 to October 29, 2026.
Danat Shiderkulov was appointed a director on October 29, 2026 and joined the audit, compensation and nominating committees.
Saule Algaziyeva took over the lender role for a $17,000,000 term loan and a $3,000,000 convertible note effective July 31, 2026.
Conversion of the convertible note into common shares remains subject to shareholder approval under Nasdaq rules.
Borealis Foods said on August 26, 2026 it received a Nasdaq notice that it no longer complies with the rule requiring timely periodic SEC filings, because its Form 10-Q for the quarter ended June 30, 2026 has not been filed. The filing was delayed by a review with its auditors of the accounting treatment of a previously disclosed Conversion Agreement, which requires shareholder approval under Nasdaq rules. The notice has no immediate effect on the listing or trading of the company's shares or warrants.
Nasdaq notice received August 26, 2026 for failure to timely file the Q2-2026 Form 10-Q under Listing Rule 5250(c)(1)
Company has until October 26, 2026 to submit a compliance plan; Nasdaq may grant up to 180 calendar days, or until February 16, 2027
Delay tied to review of accounting for the Conversion Agreement, which is subject to shareholder approval
Notice has no immediate effect on listing or trading of common shares or warrants on the Nasdaq Capital Market
Borealis Foods reported preliminary U.S. K-12 school foodservice revenue up 110% for the six months ended June 30, 2026, compared with the same period in 2025. The figure is unaudited and may change when the company completes its financial statements for the quarter, and the filing gives no total company revenue, profit or guidance.
Preliminary K-12 channel revenue rose 110% for the six months ended June 30, 2026, versus the same period in 2025.
The company says it now serves more than 20,000 schools, representing about 2,500 school districts.
School products shipped over the past 12 months through 106 distributors across 40 states.
The revenue figure is unaudited and subject to adjustment before the quarter's financial statements are finalized.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Borealis Foods Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →