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Borealis Foods Inc.
BRLS
Total Value
$0
Company Information
- Company Name
- Borealis Foods Inc.
- Ticker Symbol
- BRLS
- CIK
- 0001852973
Insider Information
- Name
- Soltanzadeh Reza
- Role
- Chief Executive Officer, Director, 10% Owner
DirectorOfficer10% Owner
Filing Details
- Filing Date
- May 29, 2026
- Transaction Date
- Jan 12, 2026
- Accession Number
- 0001213900-26-062831
- Form Type
- 4
Non-Derivative Transactions
| Date | Security | Shares | Price | Type | Value |
|---|---|---|---|---|---|
| Jan 12, 2026 | Class A Common Shares | 500,000 | — | Other | — |
Footnotes
- (F1)On December 5, 2025, the Reporting Person entered into a Pledge and Escrow Agreement with EarlyBirdCapital, Inc. ("EBC") and Continental Stock Transfer & Trust Company pursuant to which the Reporting Person agreed to pledge 500,000 Class A Common Shares (the "Shares") of Borealis Foods Inc. (the "Company") to secure indebtedness of the company owed to EBC. Upon the Company's default under the promissory note described in footnote 2, the Shares were transferred to EBC on January 12, 2026 in partial satisfaction of such indebtedness.
- (F2)The Reporting Person pledged 500,000 Class A Common Shares of the Company to secure payment of indebtedness of the Company in the principal amount of $1,980,000 under that certain promissory note, dated February 7, 2024, as amended on April 15, 2025, June 30, 2025, and December 5, 2025.
- (F3)Zagros directly owns the reported shares. Mr. Soltanzadeh is the President of Zagros. Leila Rasoulian is the spouse of Mr. Soltanzadeh. Mr. Soltanzadeh and Ms. Rasoulian may be deemed to share beneficial ownership of all the shares held by Zagros. Mr. Soltanzadeh and Ms. Rasoulian may be deemed to have joint voting and dispositive power over the shares held by Zagros.
- (F4)Z Ventures Inc. ("Z Ventures") directly owns the reported shares. Mr. Soltanzadeh is the President of Z Ventures. Leila Rasoulian is the spouse of Mr. Soltanzadeh. Mr. Soltanzadeh and Ms. Rasoulian may be deemed to share beneficial ownership of all the shares held by Z Ventures. Mr. Soltanzadeh and Ms. Rasoulian may be deemed to have joint voting and dispositive power over the shares held by Z Ventures.