---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-23-002548"
form_type: "8-K"
ticker: "BRLS"
cik: "0001852973"
company_name: "Borealis Foods Inc."
filed_at: "2023-10-06T23:59:59+00:00"
generated_at: "2026-06-10T03:38:43.496405+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Oxus Acquisition Corp. amends promissory note with sponsor, increasing capacity to $6M

## Summary
- 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.

## SEC filing metadata
- accession: 0001013762-23-002548
- form_type: 8-K
- ticker: BRLS
- cik: 0001852973
- company_name: Borealis Foods Inc.
- filed_at: 2023-10-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852973/000101376223002548/0001013762-23-002548-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852973/000101376223002548/ea186365-8k_oxusacq.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-002548
- JSON: https://secwatch.observer/filing/0001013762-23-002548.json
- Plain text: https://secwatch.observer/filing/0001013762-23-002548.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852973/000101376223002548/0001013762-23-002548-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.