Oxus Acquisition Corp. enters up to $1.5M promissory note with sponsor for working capital

Borealis Foods Inc.

Promissory note with sponsor Oxus Capital PTE. LTD allows borrowings up to $1.5M, non-interest bearing.
Note is due upon consummation of initial business combination; no amounts outstanding as of Sep 13, 2022.
Proceeds used for advisory and other costs; trust account proceeds are waived from repayment claims.
Board of directors approved the note on Sep 6, 2022; any prepayment is allowed before maturity.

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