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BRLSNasdaqFood and Kindred ProductsFiscal year ends December 31Also trades as BRLSW

Borealis Foods Inc.

Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-K/A on Sep 30, 2026
$1.06+0.01 (+0.95%)

Close on Oct 19, 2026

Market cap
$22.71M
P/E (TTM)
–
Dividend yield
–

About Borealis Foods

Food and Kindred Products, SIC 2000

Borealis Foods Inc. is a food science and manufacturing company specializing in high-protein, plant-based instant meals. The company develops and produces ramen noodles containing complete plant-based protein with all nine essential amino acids. Its core product lines include Chef Woo, Chef Ramsay, Ramen Express, and Woodles, which provide shelf-stable meal options designed to cater to various dietary preferences, such as vegan, vegetarian, kosher, and halal diets. Borealis Foods sells its products to mainstream consumers, school meal programs, and institutional clients through traditional supermarket retailers, mass merchandisers, club stores, limited assortment grocers, and e-commerce platforms.

The company operates an over 200,000-square-foot production and distribution facility in Saluda, South Carolina, through its wholly-owned subsidiary Palmetto Gourmet Foods. Its food products reach approximately 30,000 points of distribution primarily across the United States, Canada, Mexico, and Latin America. Borealis Foods maintains its principal executive offices in Oakville, Ontario, Canada.

Summary of the business section of Borealis Foods's latest annual report, written by StockData.

Company profile

Company

Legal name
Borealis Foods Inc.
Founded
2019
Headquarters
Oakville, A6
Address
1540 Cornwall Rd. #104 L6J 7W5
Phone
1 905-278-2200
Employees
140, Dec 31, 2025
Industry
Food and Kindred Products
Incorporated in
E9
Fiscal year ends
December 31
Auditor
Carr, Riggs & Ingram, L.L.C., Palm Beach Gardens, FL

Stock & identifiers

Ticker
BRLS
Other tickers
BRLSW
Exchange
Nasdaq
IPO date
Sep 7, 2021
Shares outstanding
21M, Sep 30, 2026
Public float
$31.12M, May 28, 2026
Filer category
Non-accelerated filer<br>Smaller reporting company<br>Emerging growth company
SEC CIK
1852973
CUSIP
09973D105
ISIN
US09973D1054
EIN
00-0000000

Executives and directors

Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years

NamePositionShares owned
Reza SoltanzadehChief Executive Officer, Director3,160,452
Pavel MynzhanovDirector930
Zaure AlgaziyevaDirector–
Barthelemy HelgDirector2,718,056
Amin AjamiDirector110,169
Ertharin CousinDirector20,000
Steven M. OyerDirector22,000
Shiv Vikram KhemkaDirector70,000
Kanat MynzhanovDirector260,000

Employees

Headcount reported in annual reports

“As of December 31, 2025, we had 140 full-time employees, including 117 in manufacturing operations (including 36 agency employees), one in research and development, nine in sales and marketing, two in human resources, five in finance, two in legal and four in administration.”

Corporate history

Events identified from SEC filings

DateEventDetails
Sep 1, 2026Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Aug 14, 2026Late filingNotification of late filing
Jul 8, 2026Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
May 27, 2026Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
May 15, 2026Late filingNotification of late filing
Apr 23, 2026Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Mar 31, 2026Late filingNotification of late filing
Mar 6, 2026Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Jan 20, 2026Auditor changeChange in certifying accountant (8-K Item 4.01)
Jan 16, 2026Auditor changeChange in certifying accountant (8-K Item 4.01)
Jan 16, 2026Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Nov 14, 2025Late filingNotification of late filing
Sep 4, 2025Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Aug 14, 2025Late filingNotification of late filing
May 15, 2025Late filingNotification of late filing
Mar 31, 2025Late filingNotification of late filing
May 15, 2024Late filingNotification of late filing
Apr 15, 2024Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Apr 15, 2024Auditor changeChange in certifying accountant (8-K Item 4.01)
Apr 2, 2024Late filingNotification of late filing
Feb 13, 2024Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Feb 13, 2024Auditor changeChange in certifying accountant (8-K Item 4.01)
Feb 7, 2024Name changeName changed from Oxus Acquisition Corp. to Borealis Foods Inc.
Feb 7, 2024DelistingNotice of delisting from exchange (Form 25)
Nov 14, 2023Late filingNotification of late filing
Aug 15, 2023Late filingNotification of late filing
Aug 14, 2023MergerRegistration of securities for a merger or exchange offer (S-4)
Jun 13, 2023Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
May 12, 2023Late filingNotification of late filing
May 16, 2022Late filingNotification of late filing