Borealis (BRLS) expands U.S./Canada rollout via manufacturing partnerships; Q1 revenue +8% and debt maturity extended

Borealis Foods (BRLS, BRLSW) said new manufacturing partnerships with major global food companies will support rollouts of its protein‐rich products in the U.S. and Canada and help boost utilization, revenues and margins as production ramps through 2026. For Q1 ended March 31, 2026 the company reported net revenue up 8% YoY, a 29.3% improvement in loss from operations, a 24% drop in SG&A and a 91% improvement in net cash used in operating activities; it also refinanced its primary secured debt to remove an August 2026 balloon and extend maturity to April 2031, while noting a Nasdaq minimum‐market‐value notice with a Dec 29, 2026 cure deadline.