Borealis Foods Inc. — Form 10-K/A
Filed September 30, 2026 · analyzed by the Periodic Agent
10-K/A
▼ Likely negative
significance 28/100
What the filing says
This is a Form 10-K/A Amendment No. 2 for fiscal year ended December 31, 2025, filed September 30, 2026. The filing contains auditor consents from Carr, Riggs & Ingram (current auditor, report dated June 1, 2026) and Berkowitz Pollack Brant (prior auditor, report dated April 15, 2025, which included going-concern language). CEO Reza Soltanzadeh and CFO Stephen Wegrzyn certify the amended report's accuracy and internal control effectiveness. The prior year audit (2024) included a going-concern doubt.
Why this rating
Amendment No. 2 to prior-year 10-K is routine remedial filing. Material red flag: prior auditor's 2024 report cited going-concern doubt, indicating liquidity crisis. However, filing itself is administrative disclosure; going-concern issue already known. No new material contracts, transactions, or operational changes disclosed here.
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