Wed, Jun 18, 8:15 PM (26 days ago)
**Summary of Borealis Foods Inc. (BRLS) 10-K/A Amendment No. 2** **Company Overview:** Borealis Foods Inc. (BRLS) is a smaller reporting company listed on the Nasdaq Capital Market. As of April 15, 2025, the market value of its common shares was approximately $37.9 million, with 21,378,890 shares outstanding. **Purpose of Amendment:** This amendment corrects the beneficial ownership table in Part III, Item 12, revising information for directors, executive officers, and Oxus Capital PTE. LTD. due to unintentional errors in the original filing. **Key Ownership Details:** - **Directors and Executive Officers:** Collectively own 50.738% of the outstanding shares. - **Major Shareholders:** - Oxus Capital PTE. LTD.: 46.140% - Belphar Ltd.: 13.326% - Reza Soltanzadeh: 17.121% **Financial and Strategic Highlights:** - The amendment does not include financial statements or update financial performance, revenue, net income, operating expenses, or earnings per share. - The strategic overview and future outlook remain unchanged from the original filing. - The company's market position and risk factors are not updated in this amendment. **Regulatory Compliance:** - The amendment includes new certifications by the principal executive and financial officers. - The company confirms compliance with SEC filing requirements and internal control over financial reporting. **Conclusion:** This amendment focuses solely on correcting beneficial ownership information. For comprehensive financial and strategic insights, refer to the original Form 10-K and subsequent filings.