Oxus Acquisition sponsor converts 1.5M Class B shares to Class A

Borealis Foods Inc.

Oxus Capital Pte. Ltd. converted 1,500,000 Class B shares into Class A shares on a one-for-one basis on April 5, 2023.
Post-conversion: 6,561,968 total shares outstanding; 3,749,468 Class A and 2,812,500 Class B.
Conversion was conducted per the Company's second amended and restated memorandum and articles of association.
No change in total ordinary shares outstanding; reclassification only.

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