BRLSW · Borealis Foods Inc. · Executive Compensation
$0.02
+0.00 (+0.94%)
At close · Oct 27
Return incl. dividend (before tax)
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
$23.93M
Shares
21.46M
Volume · Oct 27
400
Avg daily vol (3M)
20.87K
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
No Compensation Data
No Summary Compensation Table has been imported from this company's proxy statements yet.
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Pavel Mynzhanov | directors of the Company | Appointed | 2026-05-14 |
| Zaure Algaziyeva | directors of the Company | Appointed | 2026-05-14 |
| Shiv Khemka | Board of Directors | Resigned | 2026-05-14 |
| Jeffrey T. Varsalone | Chief Restructuring Officer | Terminated | 2026-05-01 |
| Jeffrey T. Varsalone | Chief Restructuring Officer | Appointed | 2026-04-02 |
| Amin Ajami | director | Appointed | 2026-01-29 |
| Kanat Mynzhanov | Board of Directors | Resigned | 2025-01-06 |
| Reza Soltanzadeh | Chief Executive Officer | Appointed | 2024-07-10 |
| Reza Soltanzadeh | directors | Appointed | 2024-02-13 |
| Barthelemy Helg | directors | Appointed | 2024-02-13 |
| Matt Talle | Chief Strategy Officer | Appointed | 2024-02-13 |
| Henry Wong | Chief Marketing Officer | Appointed | 2024-02-13 |
| Pouneh Rahimi | Chief Legal Officer | Appointed | 2024-02-13 |
| Stephen Wegrzyn | Chief Financial Officer | Appointed | 2024-02-13 |
| Reza Soltanzadeh | Chief Executive Officer | Appointed | 2024-02-13 |
| Shiv Vikram Khemka | Director | Appointed | 2024-02-13 |
| Kanat Mynzhanov | Director | Appointed | 2024-02-13 |
| Steven Oyer | Director | Appointed | 2024-02-13 |
| Shukhrat Ibragimov | Director | Appointed | 2024-02-13 |
| Ertharin Cousin | Director | Appointed | 2024-02-13 |
Leadership
- Reza Soltanzadeh CEO, Board Member
- Stephen Wegrzyn CFO
- Pouneh Rahimi General Counsel
- Amin Ajami Board Member
- Barthelemy Helg Board Member
- Christophe Charlier Board Member
- Ertharin Cousin Board Member
- Kanat Mynzhanov Board Member
- Karim Zahmoul Board Member
- Pavel Mynzhanov Board Member
- Sergey Ivashkovsky Board Member
- Shiv Vikram Khemka Board Member
- Shukhrat Ibragimov Board Member
- Steven Oyer Board Member
- Zaure Algaziyeva Board Member