---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-017125"
form_type: "8-K"
ticker: "BRLS"
cik: "0001852973"
company_name: "Borealis Foods Inc."
filed_at: "2023-03-03T23:59:59+00:00"
generated_at: "2026-06-18T13:35:39.074130+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Oxus Acquisition Corp. shareholders approve extension to Dec 8, 2023; ~$159M redeemed, trust reduced to ~$20.3M

## Summary
- Extension of business combination deadline from March 8, 2023 to December 8, 2023 approved.
- Founder share conversion right (Class B to Class A on one-for-one basis) approved.
- 15,300,532 Class A shares redeemed at ~$10.41/share, aggregate ~$159.34 million.
- Trust account balance reduced to approximately $20.3 million after redemptions.
- Votes: 14,189,931 for, 2,585,464 against on both Extension and Founder Share Amendment proposals.

## SEC filing metadata
- accession: 0001213900-23-017125
- form_type: 8-K
- ticker: BRLS
- cik: 0001852973
- company_name: Borealis Foods Inc.
- filed_at: 2023-03-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852973/000121390023017125/0001213900-23-017125-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852973/000121390023017125/ea174542-8k425_oxusacq.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-017125
- JSON: https://secwatch.observer/filing/0001213900-23-017125.json
- Plain text: https://secwatch.observer/filing/0001213900-23-017125.txt

## Key facts
- Governance Changes
  Borealis Foods Inc.: Extended the deadline for the company to consummate an initial business combination from March 8, 2023 to December 8, 2023 (effective 2023-03-02).
  - Change: charter amendment
  - Effective: 2023-03-02
  source text: (1) extend the date by which the Company must consummate its initial business combination from March 8, 2023 to December 8, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852973/000121390023017125/0001213900-23-017125-index.htm
- Governance Changes
  Borealis Foods Inc.: Provided holders of Class B ordinary shares the right to convert into Class A ordinary shares on a one-for-one basis prior to closing a business combination (effective 2023-03-02).
  - Change: charter amendment
  - Effective: 2023-03-02
  source text: (2) provide for the right of a holder of Class B ordinary shares of the Company to convert into Class A ordinary shares on a one-for-one basis prior to the closing of a business combination at the election of such holder.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852973/000121390023017125/0001213900-23-017125-index.htm
- Shareholder Votes
  Borealis Foods Inc. shareholders approved Founder Share Amendment Proposal to amend the Charter to provide for the right of a holder of the Class B ordinary shares to convert into the Class A ordinary shares on a one-for-one basis prior to the closing of a business combination at the election of such holder at the 2023-03-02 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-03-02
  source text: The Founder Share Amendment Proposal For Against Abstain 14,189,931 2,585,464 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852973/000121390023017125/0001213900-23-017125-index.htm
- Shareholder Votes
  Borealis Foods Inc. shareholders approved Extension Proposal to amend the Charter to extend the date that the Company has to consummate a business combination from March 8, 2023 to the Extended Date at the 2023-03-02 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-03-02
  source text: The Extension Proposal was approved. The voting results of the ordinary shares were as follows: For Against Abstain 14,189,931 2,585,464 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852973/000121390023017125/0001213900-23-017125-index.htm

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