Borealis Foods Inc. 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities. Market Information Our Common Shares are traded on the Nasdaq under the symbol “BRLS” and our Warrants are traded on the Nasdaq under the symbol “BRLSW”. Holders As of May 28, 2026, there were 28 holders of record of our Common Shares and two holders of record of our Warrants based on information furnished by Continental Stock Transfer & Trust Company, the transfer agent for our securities. Dividend Policy We have no current plans to pay dividends on our Common Shares. Holders of our Common Shares do not have any right to receive dividends, or to receive a distribution upon a liquidation, dissolution, or winding up of Borealis Foods, with respect to their Common Shares. The declaration, amount, and payment of any future dividends on our Common Shares is at the sole discretion of our Board, and we may reduce or discontinue entirely the payment of such dividends at any time. Our Board may take into account general and economic conditions, our business, financial condition, operating results, our available cash and current and anticipated cash needs, capital requirements, contractual, legal, tax, and regulatory restrictions and implications on the payment of dividends by us to our stockholders or by our subsidiaries to us, and such other factors as our Board may deem relevant. Any financing arrangements that we enter into in the future may include restrictive covenants that limit our ability to pay dividends. Since our formation in 2019, we have not paid any dividends to holders of our outstanding Common Shares. Issuer Purchases of Equity Securities Not Applicable. Recent Sales of Unregistered Securities Not Applicable. Item 6. [Reserved]