---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-014293"
form_type: "8-K/A"
ticker: "BRLS"
cik: "0001852973"
company_name: "Borealis Foods Inc."
filed_at: "2023-02-24T23:59:59+00:00"
generated_at: "2026-06-19T00:57:56.392099+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Oxus Acquisition Corp. signs definitive business combination with Borealis Foods at $150M equity value

## Summary
- Transaction values Borealis at $150M equity; Oxus raised ~$172.5M in IPO.
- Sponsor invested $20M convertible note in Dec 2022; additional $20M note from third-party expected April 2023.
- Borealis subsidiary Palmetto Gourmet Foods has 600M annual ramen meal capacity; products sold in US, Canada, soon Europe.
- Combined company to be led by Borealis CEO Reza Soltanzadeh and Chairman Barthelemy Helg; board of 7 directors, 5 independent.
- Transaction expected to close Q3 2023, subject to shareholder approval and customary conditions.

## SEC filing metadata
- accession: 0001213900-23-014293
- form_type: 8-K/A
- ticker: BRLS
- cik: 0001852973
- company_name: Borealis Foods Inc.
- filed_at: 2023-02-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852973/000121390023014293/0001213900-23-014293-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852973/000121390023014293/ea174240-8ka425_oxus.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-014293
- JSON: https://secwatch.observer/filing/0001213900-23-014293.json
- Plain text: https://secwatch.observer/filing/0001213900-23-014293.txt

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