Borealis Foods delays Q2 10-Q filing amid review of Conversion Agreement accounting treatment
BRLS•BRLS•BRLS•BRLS•Borealis Foods received a Nasdaq deficiency notice tied to a late Q2 2026 Form 10-Q filing.
The delay stems from an auditor review of the accounting treatment for a previously disclosed Conversion Agreement that requires shareholder approval under Nasdaq rules.
Nasdaq set an Oct. 26, 2026 deadline for Borealis Foods to submit a compliance plan. If the plan is accepted, the company could have until Feb. 16, 2027 to regain compliance.
Listing and trading of the company’s common shares or warrants face no immediate impact.
