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69 /100
HIGH RISK
Score updated Oct 27, 2026

BRLS — Borealis Foods Inc. Dilution Risk Tracker

Track BRLS dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 27, 2026, Borealis Foods Inc. (BRLS) has a DilutionWatch DilutionScore of 69/100, rated HIGH dilution risk. Borealis Foods Inc. has a market capitalization of $25.00M, 21.46M shares outstanding, 1 institutional holders tracked. Stored dilution-related fields include 26.90M outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
40
💰 Cash Runway
95
📊 Float Risk
77
⚠️ Warrant Exposure
90
🔄 Convertible Debt
35

Dilution Forecast

⛈️
Warning
High probability of dilution event
model est. 55%
📜 Warrant Exercise model 60%
• Massive warrant overhang: 125% of shares outstanding
• Warrant risk score very high (90/100)
💰 Capital Raise model 55%
• Critical: only 0.4 months cash remaining
🔄 Reverse Split model est. 45%
• 50-day avg $1.35 approaching $1 threshold
• Only 0 months cash — financial pressure
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Market Data

Market Cap$25.00M
Shares Outstanding21.46M
Float6.47M
Cash$500.0K
DebtN/A
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore69/100DilutionWatch score record
Shares Outstanding21.46MVerified float table or market cache
Public Float6.47MVerified float table or market cache
Market Cap$25.00MMarket data cache
Cash Runway0.4 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding Warrants26.90MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 3 1, 4 3, 8-K 1, XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

BRLS SEC Filing Activity — Last 12 Months

Shares outstanding reported by BRLS on the cover page of its latest 10-K/10-Q: 21.46M as of September 30, 2026.

DilutionWatch recorded no shelf, registration or prospectus documents for BRLS in the last 12 months. Full filing list on SEC EDGAR →

FormWhat it isFilingsMost recent
8-Kcurrent report (material event)14Aug 26, 2026
10-Kannual report2Sep 30, 2026
10-Qquarterly report1Jun 30, 2026
DEF 14Aproxy statement1Jun 02, 2026
3initial insider ownership14Jul 10, 2026

Institutional Holdings

1 institutional holders · 391.2K shares
#1 BARCLAYS PLC 391.2K shares

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest34.8K
Days to Cover2.6
% of Float0.5%
FINRA data as of Oct 15, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2026-09-30
xbrl XBRL WARRANT 2026-06-30
4 INSIDER TRANSACTION 2026-04-09
4 INSIDER TRANSACTION 2026-04-09
4 INSIDER TRANSACTION 2026-04-09
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual BRLS Dilution Snapshot

Borealis Foods Inc. (BRLS) has a DilutionScore of 69/100, rated High dilution risk. Score date: October 27, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

BRLS's DilutionScore is currently 69/100 (High risk), with 5 score changes tracked over 89 days. The score deteriorated from 73/100 (High risk).

Period Score Risk Level Duration
Oct 22 – Oct 27, 202669/100HIGH6 days
Oct 21, 202673/100HIGH1 day
Oct 16 – Oct 20, 202669/100HIGH5 days
Oct 13 – Oct 15, 202673/100HIGH3 days
Sep 28 – Oct 12, 202669/100HIGH15 days
Jul 30 – Sep 27, 202665/100HIGH59 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

BRLS shares outstanding have decreased 0.0% from 21.46M (May 2026) to 21.46M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 31, 202621.46M6.47M▲ 25.78%
May 24, 202621.46M5.14M▼ 2.10%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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