Borealis Foods Inc. (BRLSW) Warrant
Each BRLSW warrant gives the holder the right to buy 1 share of Borealis Foods Inc. at $11.50 per share, until February 7, 2029. The stock last closed at $1.21, below the strike, so the warrant is out of the money. Borealis Foods Inc. has a market value of about $25.97M. There are 17.25M listed warrants; exercising all of them would add 80.4% to the 21.46M shares outstanding. The company can call the warrants if the stock trades at or above $18.00.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- 2029-02-07
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.53
From the issuer's S-1/A (2021-08-19).
Company and stock
- Company
- Borealis Foods Inc.
- Underlying stock
- BRLS
- Share price
- $1.21
- Market cap
- $25.97M
- Shares outstanding
- 21.46M
- 12-month range
- $0.65 – $4.01
- 12-month change
- -54%
- Value of all listed warrants
- $536.48K (2.1% of market cap)
- Industry
- Food and Kindred Products
- Head office
- Oakville, Ontario, Canada
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 2026-09-30). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.0311
- Price / model
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Dilution
- Shares outstanding
- 21.46M
- Listed warrants
- 17.25M
- Dilution if all exercised
- 80.4%
Warrant count from filing iXBRL: PublicWarrantsMember.
Filings and events
- Merger closed; the warrants became warrants of the combined company
- Terms source: S-1/A
Questions about BRLSW
When does the BRLSW warrant expire?
BRLSW expires on February 7, 2029.
What is the strike price of BRLSW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can Borealis Foods Inc. redeem the BRLSW warrants early?
Yes. The company can call them if the share price reaches $18.00 for the required period (usually 20 of 30 trading days).
How many BRLSW warrants are outstanding?
17.25M listed warrants, equal to 80.4% dilution if all are exercised.
Related warrants
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