---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-068568"
form_type: "8-K"
ticker: "BRLS"
cik: "0001852973"
company_name: "Borealis Foods Inc."
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T07:56:49.232616+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-068568
- form_type: 8-K
- ticker: BRLS
- cik: 0001852973
- company_name: Borealis Foods Inc.
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852973/000121390023068568/0001213900-23-068568-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852973/000121390023068568/ea183768-8k425_oxusacq.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-068568
- JSON: https://secwatch.observer/filing/0001213900-23-068568.json
- Plain text: https://secwatch.observer/filing/0001213900-23-068568.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852973/000121390023068568/0001213900-23-068568-index.htm

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