<a href="https://laohu8.com/S/BRLS">Borealis Foods</a> Amends Credit Agreement With Frontwell Capital Partners
Borealis Foods Inc. and its affiliates have an existing credit agreement with Frontwell Capital Partners Inc., originally dated August 10, 2023. According to recent correspondence, this agreement has been amended, restated, supplemented, or otherwise modified over time. The communication indicates that Borealis Foods Inc. and related parties are currently in discussions with Frontwell regarding multiple events of default under the terms of the credit agreement, including liquidity and financial reporting issues. Frontwell has requested further financial information and the appointment of a qualified financial advisor to assist with operational and liquidity challenges. The ongoing negotiations may address potential forbearance or other relief, contingent upon Borealis Foods Inc.'s compliance with information requests stipulated in the amended credit agreement.
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