Reza Soltanzadeh - Feb 7, 2024 Form 3 Insider Report for Borealis Foods Inc. (BRLS)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Pouneh Rahimi, Attorney-in-Fact for Reza Soltanzadeh
Stock symbol
BRLS
Transactions as of
Feb 7, 2024
Transactions value $
$0
Form type
3
Date filed
2/20/2024, 05:42 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BRLS Class A Common Stock 3.53M Feb 7, 2024 By Zagros Alpine Capital ULC F1
holding BRLS Class A Common Stock 128K Feb 7, 2024 By Z Ventures Inc. F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Zagros Alpine Capital ULC ("Zagros") directly owns the reported shares. Mr. Soltanzadeh is the President of Zagros. Leila Rasoulian is the spouse of Mr. Soltanzadeh. Mr. Soltanzadeh and Ms. Rasoulian may be deemed to share beneficial ownership of all the shares held by Zagros. Mr. Soltanzadeh and Ms. Rasoulian may be deemed to have joint voting and dispositive power over the shares held by Zagros.
F2 Z Ventures Inc. ("Z Ventures") directly owns the reported shares. Mr. Soltanzadeh is the President of Z Ventures. Leila Rasoulian is the spouse of Mr. Soltanzadeh. Mr. Soltanzadeh and Ms. Rasoulian may be deemed to share beneficial ownership of all the shares held by Z Ventures. Mr. Soltanzadeh and Ms. Rasoulian may be deemed to have joint voting and dispositive power over the shares held by Z Ventures.

Remarks:

Exhibit 24.1 Power of Attorney - Reza Soltanzadeh. Exhibit 24.2 Power of Attorney - Zagros Alpine Capital ULC.