---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-048045"
form_type: "8-K"
ticker: "BRLS"
cik: "0001852973"
company_name: "Borealis Foods Inc."
filed_at: "2021-09-15T23:59:59+00:00"
generated_at: "2026-06-29T03:39:13.564327+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Oxus Acquisition Corp. closes $150M IPO and $8.4M PIPE; trust funded with $153M; over-allotment fully exercised

## Summary
- IPO of 15M units at $10.00 each raised $150M; private placement of 8.4M warrants at $1.00 raised $8.4M.
- Net proceeds of $153M deposited in trust account ($10.20 per unit) for future business combination.
- Underwriters fully exercised over-allotment on Sep 13, 2021: additional 2.25M units ($22.5M) and 900K private warrants ($0.9M).
- Total trust account increased to $175.95M after over-allotment closing.
- SPAC targets energy transition technologies (battery materials, EV infrastructure, recycling) in emerging markets.

## SEC filing metadata
- accession: 0001213900-21-048045
- form_type: 8-K
- ticker: BRLS
- cik: 0001852973
- company_name: Borealis Foods Inc.
- filed_at: 2021-09-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852973/000121390021048045/0001213900-21-048045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852973/000121390021048045/ea147186-8k_oxusacq.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-048045
- JSON: https://secwatch.observer/filing/0001213900-21-048045.json
- Plain text: https://secwatch.observer/filing/0001213900-21-048045.txt

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