Borealis Foods has authorized a stock buyback program, effective immediately. Under the program, the company may purchase up to $3.0M of its common shares from time to time. The buyback program does not obligate Borealis Foods to purchase any particular dollar amount or number of shares and there is no guarantee as to the number of shares that the Company may ultimately repurchase. The program will expire on May 30, 2025, regardless of whether all $3.0M of shares has been repurchased. The buyback program may be suspended, terminated or modified at any time for any reason without prior notice.