Oxus Acquisition Corp. amends business combo pact with Borealis; equity plan share pool cut to 5%

Borealis Foods Inc.

Equity incentive plan share pool reduced from 15% to 5% of New SPAC shares outstanding post-closing.
Plan of Arrangement replaced to reflect CBCA/OBCA provisions and changes to the New Oxus Amalgamation.
New SPAC Bylaws amended to add audit committee appointment and clarify quorum requirements for shareholder meetings.
Amendment dated Aug 11, 2023; all other terms of original Feb 23, 2023 Business Combination Agreement remain unchanged.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Borealis Foods Inc. amended Amendment with 1000397116 Ontario Inc., a wholly-owned subsidiary of Oxus (effective 2023-08-11).

Action: amendment
Agreement: merger
Counterparty: 1000397116 Ontario Inc., a wholly-owned subsidiary of Oxus
Effective: 2023-08-11

Exact text from the filing

Amendment to the Business Combination Agreement On August 11, 2023, Oxus Acquisition Corp., an exempted company limited by shares incorporated under the laws of the Cayman Islands (“Oxus”), 1000397116

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Borealis Foods Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-068568

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