Borealis Foods (BRLS) sees Alta Partners report 7.53% warrant-based stake

Rhea-AI Filing Summary

Alta Partners LLC filed an amended Schedule 13G reporting beneficial ownership of 1,743,558 Borealis Foods Inc. Class A ordinary shares, all issuable upon exercise of warrants, representing 7.53% of this class as of 06/30/2026.

Alta Partners holds sole voting and sole dispositive power over all 1,743,558 shares and no shared voting or dispositive power.

Key Figures

Beneficial ownership shares: 1,743,558 shares Percent of class owned: 7.53% Sole voting power: 1,743,558 shares +2 more

5 metrics

Beneficial ownership shares 1,743,558 shares Class A ordinary shares issuable upon exercise of warrants beneficially owned by Alta Partners LLC

Percent of class owned 7.53% Percentage of Borealis Foods Inc. Class A ordinary shares beneficially owned by Alta Partners LLC

Sole voting power 1,743,558 shares Shares over which Alta Partners LLC has sole power to vote or direct the vote

Sole dispositive power 1,743,558 shares Shares over which Alta Partners LLC has sole power to dispose or direct the disposition

CUSIP G6859L105 CUSIP number for Borealis Foods Inc. Class A ordinary shares

Key Terms

Schedule 13G/A, beneficially owned, sole dispositive power, sole voting power

4 terms

Schedule 13G/A regulatory

"Alta Partners LLC filed an amended Schedule 13G reporting beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Amount beneficially owned: 1,743,558 shares, representing shares issuable upon exercise"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power financial

"Sole power to dispose or to direct the disposition of: 1,743,558 shares"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

sole voting power financial

"Sole power to vote or to direct the vote: 1,743,558 shares"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/10/2026 - 04:25 PM Accepted by SEC EDGAR 07/10/2026 - 04:25 PM Learn about SEC filing dates

FAQ

What percentage of Borealis Foods Inc. (BRLS) does Alta Partners LLC report owning?

Alta Partners LLC reports beneficial ownership of 7.53% of Borealis Foods Inc. Class A ordinary shares. This percentage is based on 1,743,558 shares issuable upon exercise of warrants as of 06/30/2026.

How many Borealis Foods Inc. (BRLS) shares does Alta Partners LLC beneficially own?

Alta Partners LLC beneficially owns 1,743,558 Borealis Foods Inc. Class A ordinary shares. These shares are issuable upon exercise of warrants, rather than currently outstanding common stock holdings.

Does Alta Partners LLC have sole or shared voting power over its BRLS position?

Alta Partners LLC has sole voting power over 1,743,558 Borealis Foods Inc. shares and no shared voting power, according to the Schedule 13G/A ownership disclosure.

What dispositive power does Alta Partners LLC report over Borealis Foods Inc. (BRLS) shares?

Alta Partners LLC reports sole dispositive power over 1,743,558 Borealis Foods Inc. shares and no shared dispositive power, meaning it alone controls decisions to sell or otherwise dispose of these warrant-based shares.

Who signed the Schedule 13G/A for Alta Partners LLC regarding Borealis Foods Inc. (BRLS)?

The Schedule 13G/A was signed by Steven Cohen, identified as Managing Member of Alta Partners LLC. The signature on behalf of the reporting person formalizes the disclosed ownership information.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Borealis Foods Inc.

(Name of Issuer)

Class A ordinary shares, $0.0001 par value

(Title of Class of Securities)

G6859L105

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G6859L105

1

Names of Reporting Persons

Alta Partners LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,743,558.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,743,558.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,743,558.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.5 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Borealis Foods Inc.
(b)	Address of issuer's principal executive offices: 1540 CORNWALL RD. #104, OAKVILLE, ONTARIO, CANADA, L6J 7W5.
Item 2.
(a)	Name of person filing: Alta Partners LLC
(b)	Address or principal business office or, if none, residence: 1205 Franklin Avenue Garden City, New York 11530
(c)	Citizenship: New York limited liability company
(d)	Title of class of securities: Class A ordinary shares, $0.0001 par value
(e)	CUSIP No.: G6859L105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,743,558 shares, representing shares issuable upon exercise of warrants.
(b)	Percent of class: 7.53%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,743,558 shares
	(ii) Shared power to vote or to direct the vote: 0 shares
	(iii) Sole power to dispose or to direct the disposition of: 1,743,558 shares
	(iv) Shared power to dispose or to direct the disposition of: 0 shares
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Alta Partners LLC

Signature:	/s/ Steven Cohen
Name/Title:	Steven Cohen, Managing Member
Date:	07/10/2026