Borealis Foods receives Nasdaq notice over delayed Q2 2026 Form 10-Q filing
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.
Key points
- 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
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 01, 2026.
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.