Borealis Foods shares surge 16.78% intraday after reducing loan balance to meet lender requirements.

Borealis Foods surged 16.78% intraday following its announcement that it reduced its revolving loan balance from $10.23 million to $3.55 million by October 21, aligning with its credit agreement requirements. The company also reported a narrowed net loss of $3.78 million for Q3 2025 compared to $4.83 million in the prior year, signaling improved financial health. These developments, particularly the debt reduction and earnings improvement, likely drove investor optimism, reinforcing confidence in the company’s ability to manage liquidity challenges. The premarket gain of 15.33% further underscored the positive sentiment ahead of the intraday rally.