Borealis Foods Inc (Oakville) (BRLS) News & EventsBRLSBorealis Foods Inc (Oakville)

Borealis Foods Launches High-Protein Noodles in Germany

Borealis Foods announced the expansion of its international business through the launch of high-protein noodles under the Niom Niom brand in Germany. Niom Niom is a German creator-led brand developed by Foodvibez GmbH. Through its wholly owned CPG company, Palmetto Gourmet Foods, Borealis is manufacturing the high-protein Niom Niom by Chef Woo noodles for distribution and sale in the German market. The expected initial volume is approximately 10 million units annually, based on the current product and shipment mix. The company expects volumes to increase over time as Foodvibez expands its retail distribution and consumer reach in Germany. Manufactured at Borealis Foods' production facility in Saluda, South Carolina for the German market, the Niom Niom products combine Foodvibez consumer brand and creator-driven platform with Borealis' high-protein noodle technology, food science and large-scale manufacturing capabilities. The products are currently available through major German supermarket retailers including EDEKA and REWE.

Borealis Foods Fails to Timely File Quarterly Report

Borealis Foods received a notice from The Nasdaq Stock Market indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to the Company's failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30 with the Securities and Exchange Commission. The Notice has no immediate effect on the listing or trading of the Company's Common Shares or Warrants on the Nasdaq Capital Market. In accordance with Nasdaq's listing rules, the Company has until October 26 to submit a plan of compliance to Nasdaq addressing how the Company intends to regain compliance with the Listing Rule with respect to the Q2 Form 10-Q. If Nasdaq accepts the Company's plan, Nasdaq may grant the Company up to 180 calendar days from the due date of the Q2 Form 10-Q, or until February 16, 2027, to regain compliance. The Company was otherwise prepared to file the Q2 Form 10-Q on a timely basis; however, the filing was delayed by the need to complete a review, together with its independent auditors, of the appropriate accounting treatment of the Company's previously disclosed Conversion Agreement the conversion contemplated by which is subject to shareholder approval under applicable Nasdaq Listing Rules. The Company intends to file the Q2 Form 10-Q promptly upon completion of that review.

Borealis Foods K-12 Foodservice Revenue Up 110% Year-Over-Year

Borealis Foods announced continued national expansion in the U.S. K-12 foodservice market, with revenue from the channel increasing 110% compared with the prior-year period. Since entering the school foodservice channel, Borealis Foods has expanded its presence to more than 20,000 schools representing approximately 2,500 school districts. Over the past 12 months, the company's school products have shipped through 106 distributors across 40 states, reflecting broader market penetration and an expanding national distribution network. The 110% year-over-year increase in K-12 foodservice revenue reflects increased adoption within the market and the growing importance of institutional foodservice as a national growth channel for Borealis Foods. The company's products provide school nutrition teams with flexible meal options that can be incorporated into soups, stir-fries, salads, bowls and other speed-scratch recipes. The announcement comes as Borealis Foods participates in the School Nutrition Association's 2026 Annual National Conference in Charlotte, North Carolina. More than 95,000 U.S. schools and institutions participate in the National School Lunch Program, representing a meaningful long-term opportunity for Borealis Foods as it continues to expand its institutional foodservice business nationally.