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. amended loan of $3,500,000 with Sponsor at non-interest bearing maturing due on the date on which Oxus consummates its initial business combination.
- Instrument
- loan
- Principal
- $3,500,000
- Counterparty
- Sponsor
- Rate
- non-interest bearing
- Maturity
- due on the date on which Oxus consummates its initial business combination
- Event
- amendment
Exact text from the filing
On February 28, 2023, Oxus entered into an Amended and Restated Promissory Note (the “ Amended Note ”) with the Sponsor pursuant to which Oxus may borrow up to an aggregate principal amount of $3,500,000. The Amended Note amended, replaced and superseded in its entirety that certain promissory note, dated September 8, 2022, made by Oxus in favor of the Sponsor in the principal amount of up to $1,500,000 (the “ Original Note ”), and any unpaid principal balance of the indebtedness evidenced by the Original Note has been merged into and evidenced by the Amended Note. The Amended Note is non-interest bearing and due on the date on which Oxus consummates its initial business combination.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Borealis Foods Inc. entered into Business Combination Agreement with Oxus Acquisition Corp. and 1000397116 Ontario Inc. (effective 2023-02-23).
- Action
- entry
- Agreement
- merger
- Counterparty
- Oxus Acquisition Corp. and 1000397116 Ontario Inc.
- Effective
- 2023-02-23
Exact text from the filing
On February 23, 2023, Oxus Acquisition Corp., an exempted company limited by shares incorporated under the laws of the Cayman Islands (“ Oxus ”), entered into a Business Combination Agreement with 1000397116 Ontario Inc., a corporation incorporated under the laws of the Province of Ontario, Canada and a wholly-owned subsidiary of Oxus (“ Newco ”), and Borealis Foods Inc., a corporation incorporated under the laws of Canada (“ Borealis ”, or the “ Company ”) (as may be amended and restated from time to time, the “ Business Combination Agreement ”).
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