TORONTO, April  23, 2026  (GLOBE NEWSWIRE) -- Borealis Foods Inc. (NASDAQ:BRLS) (the &#34;Company&#34;) today announced that on April 17, 2026, the Company received a notice (the &#34;Notice&#34;) from The Nasdaq Stock Market LLC

BRLS

Borealis Foods Inc. Receives Expected Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K for Fiscal 2025

Borealis Foods Faces Nasdaq Compliance Challenge Over 10-K Filing

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>TORONTO, April  23, 2026  (GLOBE NEWSWIRE) -- Borealis Foods Inc. (NASDAQ:BRLS) (the &amp;#34;Company&amp;#34;) today announced that on April 17, 2026, the Company received a notice (the &amp;#34;Notice&amp;#34;) from The Nasdaq Stock Market LLC</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Borealis Foods Inc. (BRLS) received a non-compliance notice from Nasdaq for not filing its 2025 Form 10-K, which needs resolution by June 16, 2026. If the compliance plan is approved, BRLS could regain compliance by October 12, 2026, affecting its stock&#039;s stability moving forward.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>BRLS received a Nasdaq non-compliance notice for missing its 10-K filing.</li><li>The company must submit a compliance plan by June 16, 2026.</li><li>If accepted, BRLS has until October 12, 2026, to regain compliance.</li><li>The 2025 Form 10-K is expected to be filed by May 2026.</li><li>Failure to comply could negatively impact BRLS&#039;s stock stability.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Borealis Foods Inc. (BRLS)</strong>: Facing compliance issues with Nasdaq, affecting investor confidence.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This falls under &#039;Corporate Developments&#039; as it deals with the company&#039;s compliance status with Nasdaq and impacts future operations and shareholder confidence.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The timely filing of the 2025 Form 10-K is crucial for compliance.</li><li>Acceptance of the compliance plan by Nasdaq can stabilize investor sentiment.</li><li>Failure to cure the non-compliance could lead to price declines.</li><li>Upcoming earnings announcements could impact market perception.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>BRLS received a notice on April 17, 2026.</li><li>The compliance plan deadline is June 16, 2026.</li><li>Potential compliance regain date is October 12, 2026.</li><li>BRLS intends to submit the 2025 Form 10-K by May 2026.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Investors should watch for filing progress; potential volatility expected in the near term.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="left">TORONTO, April  23, 2026  (GLOBE NEWSWIRE) -- Borealis Foods Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/BRLS">BRLS</a>) (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&#39;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&#39;s common stock on the Nasdaq Capital Market.</p>  <p align="left">In accordance with Nasdaq&#39;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&#39;s plan, Nasdaq may grant the Company up to 180 calendar days from the filing&#39;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.</p>  <p align="left"><strong>About Borealis Foods Inc.</strong></p>  <p align="left">Borealis Foods Inc. is a food science company focused on developing and commercializing innovative, nutritious, and affordable food products. The Company&#39;s common stock is listed on the Nasdaq Capital Market under the symbol "BRLS." <a href="https://www.globenewswire.com/Tracker?data=P1Mwkx2-TxZOgPc5IcI_1FMTkGn4SkXM4R7qFBcuhmA58dIJslpAsWpYTZVCu_Vv_y0KF1sH2cg7izWspQpn4LoniOda6n0Ip1993Iwx3Dk=" rel="nofollow" target="_blank"><strong>www.borealisfoods.com</strong></a>.</p>  <p align="left"><strong>Forward-Looking Statements</strong></p>  <p align="left">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&#39;s anticipated timing for filing the 2025 Form 10-K and the Company&#39;s ability to regain compliance with Nasdaq&#39;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&#39;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&#39;s financial statements and related audit, the Company&#39;s ability to file the 2025 Form 10-K within the anticipated timeframe, the Company&#39;s ability to regain and maintain compliance with Nasdaq&#39;s continued listing requirements, and other risks and uncertainties described in the Company&#39;s filings with the Securities and Exchange Commission. The Company&#39;s filings with the SEC are available at <a href="https://www.globenewswire.com/Tracker?data=NWgVWNbLaSWHvJc5AdNxQHZYDk40Rkkht1msoh6g694cjt1zDo8mZCfc_L4icEvbMaAMlWVCKu1-0OVECJZ4uw==" rel="nofollow" target="_blank"><strong>www.sec.gov</strong></a>. Investors should not place undue reliance on the Company&#39;s forward-looking statements. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law.</p>  <p align="left">Contact:<br></br>Henry Wong<br></br>CMO <br></br>Borealis Foods<br></br>1540 Cornwall Rd<br></br>Oakville, ON<br></br>(905) 278-2200</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY5NjMxMCM3NTUzNzg5IzIzMTEzNjM="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/OWIxZTNmNjItNTVjYS00NTc0LWJhMWUtZDNjYmU5Y2Y1YmUxLTEzMjI5MTMtMjAyNi0wNC0yMy1lbg==/tiny/Borealis-Foods-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img>

Borealis Foods Inc. (BRLS) received a non-compliance notice from Nasdaq for not filing its 2025 Form 10-K, which needs resolution by June 16, 2026. If the compliance plan is approved, BRLS could regain compliance by October 12, 2026, affecting its stock's stability moving forward.

Borealis Foods Inc. Receives Expected Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K for Fiscal 2025

AI Summary

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Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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