Borealis Foods Inc. (BRLS): debt financing — Oxus Acquisition Corp. amends promissory note with sponsor, increasing capacity to $6M

Borealis Foods Inc.

Second Amended and Restated Promissory Note raises borrowing limit from $3.5M to $6M with sponsor Oxus Capital PTE. LTD.
Note is non-interest bearing and due upon consummation of initial business combination.
As of October 4, 2023, outstanding unpaid balance is $3.35M under the amended note.
The new note replaces and supersedes the February 28, 2023 promissory note in full.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Borealis Foods Inc. incurred loan of up to an aggregate principal amount of $6,000,000 with Oxus Capital PTE. LTD at non-interest bearing maturing due on the date on which Oxus consummates its initial business combination.

Instrument: loan
Principal: up to an aggregate principal amount of $6,000,000
Counterparty: Oxus Capital PTE. LTD
Rate: non-interest bearing
Maturity: due on the date on which Oxus consummates its initial business combination
Event: incurrence

Exact text from the filing

On October 2, 2023, Oxus Acquisition Corp. (“ Oxus ”) entered into the Second Amended and Restated Promissory Note (the “ Amended Note ”) with Oxus Capital PTE. LTD (the “ Sponsor ”) pursuant to which Oxus may borrow up to an aggregate principal amount of $6,000,000.

View on SEC.gov

102 debt financings filed in the last 30 days. Browse all debt financings →

Borealis Foods Inc. filing history →

Source: SEC EDGAR

accession 0001013762-23-002548

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.