BRLS · Borealis Foods Inc. · Holdings
$1.40
-0.03 (-2.10%)
At close · Sep 11
Going-concern doubt
— flagged Jun 30, 2026
Substantial doubt about the company's ability to continue as a going concern.
“Notwithstanding these transactions, management has concluded under ASC 205-40 that substantial doubt about the Company's ability to continue as a going concern has not been alleviated. Material conditions remain, including: (i) the requirement to consummate at least $70.00 million of equity financing at $9.00 per share on or before July 1, 2026, for which the Company has no commitments and which threshold is substantially above recent trading prices of the Common Shares; (ii) if such financing is not consummated, the contractual conversion of approximately $29.13 million of related-party indebtedness (plus approximately $4.26 million of accrued interest as of June 30, 2026) into Common Shares, which conversion is itself subject to receipt of shareholder approvals required under Nasdaq Listing Rules 5635(b) and 5635(d) that have not been obtained; (iii) the Company's continued reliance on demand and past-due obligations to related parties; and (iv) the fact that the Company's total liabilities continue to exceed total assets.”View the 10-Q filed Jun 30, 2026
Market Cap
$30.05M
Shares
21.46M
Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.
Holders: 21
Total Value: $84,635
Total Shares: 5,133,865
Institutional Ownership Trend
19 quarters
Holder Concentration
Across 21 13F filers · Δ vs Mar 31, 2026Top Holder
63.8%
+27.6 pts
Top 5
100.0%
0.0 pts
Top 10
100.0%
0.0 pts
HHI
5,381
Highly concentrated+2,004
Quarterly Activity
vs Mar 31, 2026
New
2
Increased
1
Decreased
4
Sold Out
4
Unchanged
14
Holder count:
-2
Institutional value:
+49.3%
Shares held:
-3.4%
Top Buyers
vs Mar 31, 2026| Institution | Added | Now Holds | Open |
|---|---|---|---|
| Mega UBS Group AG | +34,835 | 39,968 |
Top Sellers
vs Mar 31, 2026| Institution | Sold | Now Holds | Open |
|---|---|---|---|
| Small Hartree Partners, LP | −76,400 | 1,398,461 | |
| Small Ionic Capital Management LLC | −25,578 | 44,422 | |
| Small TWO SIGMA SECURITIES, LLC | −6,379 | 45,188 | |
| Large Clear Street Group Inc. | −200 | 670,118 |
Top New Positions
vs Mar 31, 2026| Institution | Acquired | Value (USD) | Open |
|---|---|---|---|
| Mid XTX Topco Ltd | 19,769 | $30,641 | |
| Small Caitong International Asset Management Co., Ltd | 1 | $1 |
Top Sold-Out Positions
vs Mar 31, 2026| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Mega CITADEL ADVISORS LLC | 14,446 | $20,513 | |
| Mega MORGAN STANLEY | 14,300 | $20,306 | |
| Small Context Capital Management, LLC | 75,340 | $0 | |
| Mid MARINER INVESTMENT GROUP LLC | 23,300 | $0 |