BofA update shows where active managers are putting money
Borealis Foods Inc. (Nasdaq:BRLS), a food and kindred products manufacturer, disclosed a shareholder update in a recent SEC filing dated May 27, 2025. The company, headquartered in Oakville, Ontario, highlighted significant improvements in its financial and operational strategies.
The shareholder letter, attached as Exhibit 99.1 to the 8-K filing, outlined Borealis Foods’ continued progress in enhancing gross margins and reducing Selling, General and Administrative (SG&A) expenses. The company also emphasized its successful partnerships, which have been instrumental in its diversification efforts. Additionally, Borealis Foods is actively exploring potential financing sources to bolster its financial position.
This information is furnished and not filed, meaning it is not considered officially filed for purposes of Section 18 of the Securities Exchange Act of 1934, but is provided for informational purposes.
Borealis Foods also confirmed its status as an emerging growth company, as defined under the Exchange Act, and has not elected to use the extended transition period for complying with new or revised financial accounting standards.
The company’s securities, including common shares (BRLS) and warrants (BRLSW), are listed on the Nasdaq Capital Market.
The filing reiterated that the company is committed to providing value to its shareholders and ensuring transparency in its operations. The details provided in the SEC filing reflect Borealis Foods’ ongoing efforts to strengthen its market position and financial health.
The report was signed by Pouneh V. Rahimi, Chief Legal Officer of Borealis Foods Inc., on May 28, 2025. The full letter to shareholders can be found in the exhibit section of the 8-K filing.
This article is based on a press release statement.
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