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Borealis Foods Inc
1540 Cornwall Rd #104
Phone: (905) 278-2200p:905 278-2200 OAKVILLE, ON  L6J 7W5  Canada Ticker: BRLSBRLS
Business Summary
Borealis Foods, Inc. is a food technology company that addresses global food security challenges through its research and development of nutritious and functional food products. Through its wholly owned subsidiary, Palmetto Gourmet Foods (PGF), the Company has created meals that are organic, vegan, vegetarian, Halal, Kosher, plant-based, egg free and dairy free, non-GMO, free of added monosodium glutamate (MSG) and tert-butylhydroquinone (TBHQ) free. Its initial product line is ramen noodles. Its subsidiary, PGF, uses the Company's technology to make Chef Woo ramen, a plant-based ramen meal on the market. In addition to Chef Woo, PGF also produces a range of other plant-based ramen products, including Ramen Express, its lower-cost premium ramen. Its products are available across several channels of mass merchandiser, club stores, and others. The Company's products are available at approximately 20,000 points of distribution primarily in the United States, Canada, Mexico, and Europe.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202412/31/2023YesYes---

Industries
SIC Code Description
2099 Food preparations, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Non-Executive Chairman of the Board, Co-Founder BarthelemyHelg 58 7/1/2019 7/1/2019
Chief Executive Officer, Co-Founder, Director RezaSoltanzadeh 51 7/1/2019 7/1/2019
Chief Financial Officer StephenWegrzyn 59 7/1/2020 7/1/2020
8 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Palmetto Gourmet Foods 782 Columbia Highway Saluda SC United States

Business Names
Business Name
BRLS
OXUS
OXUSU
Palmetto Gourmet Foods

General Information
Number of Employees: 176 (As of 12/31/2023)
Outstanding Shares: 21,378,890 (As of 11/13/2024)
Shareholders: 79
Stock Exchange: NASD


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Monday, December 2, 2024