DelistingJul 8, 2026, 04:18 PM
Borealis Foods Gets Nasdaq Delisting Notice; MVLS Below $35M
AI Summary
Borealis Foods Inc. received a Nasdaq notice on July 2, 2026, for failing to meet the minimum $35,000,000 Market Value of Listed Securities (MVLS) requirement for continued listing. The company also does not satisfy alternative listing standards. Nasdaq has granted a 180-calendar-day compliance period, until December 29, 2026, to regain compliance. The notice does not immediately impact trading, but there is no assurance the company will regain or maintain compliance.
Key Highlights
- Received Nasdaq notice on July 2, 2026, for listing rule non-compliance.
- Failed to meet minimum Market Value of Listed Securities (MVLS) of $35,000,000.
- Also does not satisfy alternative listing standards (stockholders' equity, net income).
- Granted 180-calendar-day compliance period until December 29, 2026.
- Must maintain MVLS of $35,000,000 for 10-20 consecutive days to regain compliance.
- Notice has no immediate effect on trading of common shares or warrants.
- Company will monitor MVLS and consider options; no assurance of compliance.
Price Impact
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