Borealis Foods Inc. 8-K

What Happened Borealis Foods Inc. announced on July 2, 2026 that Nasdaq notified the company it no longer meets the $35,000,000 Market Value of Listed Securities (MVLS) requirement under Nasdaq Listing Rule 5550(b)(2). The company also currently does not satisfy the alternative continued listing standards for stockholders’ equity (Rule 5550(b)(1)) or net income from continuing operations (Rule 5550(b)(3)). The notice does not immediately affect the trading or listing of the company’s Common Shares or Warrants.

Key Details

• Nasdaq MVLS minimum: $35,000,000; Borealis failed to meet this threshold based on the last 30 consecutive business days.
• Notice date: July 2, 2026; compliance period: 180 calendar days (through December 29, 2026).
• Regaining compliance: MVLS must close at $35,000,000+ for at least 10 consecutive business days (Nasdaq may require up to 20 days).
• If Common Shares are delisted, the company’s Warrants would also cease to be listed. The company will monitor MVLS and consider options to regain compliance but provided no assurance it will succeed.

Why It Matters This notice starts a formal 180‑day process in which Borealis must restore its market capitalization or meet alternate listing standards to avoid Nasdaq delisting. Delisting could reduce liquidity and negatively affect the market price and tradability of the company’s Common Shares and Warrants. Investors should monitor subsequent announcements for actions the company may take (capital raises, transactions, or appeals) and any further Nasdaq communications.