8-K
filed February 2, 2024, 6:59 PM ET
ticker BRLS
CIK 0001852973
M&A
confidence high
sentiment positive
materiality 0.75
Oxus Acquisition Corp. shareholders approve business combination with Borealis Foods; ~$21.4M redeemed
Borealis Foods Inc.
- Extraordinary general meeting on Feb 2, 2024 approved all proposals for the business combination with Borealis Foods Inc.
- Business Combination Proposal received 5,082,433 votes for and 66,210 against.
- Shareholders redeemed 1,886,751 Class A shares, removing ~$21.36M from trust ($11.32 per share).
- Continuance, governing documents, share issuance, and incentive plan proposals also passed.
- 78.58% of voting power present; adjournment not needed as sufficient votes were cast.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Borealis Foods Inc. shareholders approved Approve and adopt an equity incentive plan at the 2024-02-02 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2024-02-02
Exact text from the filing
The proposal to approve and adopt an equity incentive plan in substantially the form attached to the Proxy Statement as Annex K was approved.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Borealis Foods Inc. shareholders approved Approve Business Combination Agreement and transactions contemplated thereby at the 2024-02-02 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2024-02-02
Exact text from the filing
The proposal to approve the Business Combination Agreement and the transactions contemplated thereby was approved.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Borealis Foods Inc. shareholders approved Issue more than 20% of current ordinary shares in connection with business combination at the 2024-02-02 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2024-02-02
Exact text from the filing
The proposal to issue more than 20% of the current total issued and outstanding ordinary shares of the Company in connection with the transactions contemplated by the Business Combination Agreement
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Borealis Foods Inc. shareholders approved Approve New Borealis Governing Documents - Declassification of Board of Directors sub-proposal at the 2024-02-02 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-02-02
Exact text from the filing
Sub-proposal (b) - Declassification of Board of Directors For Against Abstentions 5,082,433 66,210 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Borealis Foods Inc. shareholders approved Approve New Borealis Governing Documents - Reduced Quorum Requirement sub-proposal at the 2024-02-02 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-02-02
Exact text from the filing
Sub-proposal (c) - Reduced Quorum Requirement For Against Abstentions 5,082,433 66,210 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Borealis Foods Inc. shareholders approved Approve New Borealis Governing Documents - Establishment of Advance Notice Procedures sub-proposal at the 2024-02-02 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-02-02
Exact text from the filing
Sub-proposal (d) - Establishment of Advance Notice Procedures For Against Abstentions 5,082,433 66,210 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Borealis Foods Inc. shareholders approved Approve New Borealis Governing Documents - Other Matters sub-proposal at the 2024-02-02 meeting.
- Outcome
- passed
- Meeting
- 2024-02-02
Exact text from the filing
Sub-proposal (e) - Other Matters For Against Abstentions 5,082,433 66,210 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Borealis Foods Inc. shareholders approved Approve continuance (domestication) and adoption of new articles and by-laws at the 2024-02-02 meeting.
- Outcome
- passed
- Meeting
- 2024-02-02
Exact text from the filing
The proposal to approve the Continuance (as defined in the Proxy Statement), and in connection therewith, the adoption of the articles and by-laws of New Borealis
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Borealis Foods Inc. shareholders approved Approve New Borealis Governing Documents - Unlimited Authorized Capital sub-proposal at the 2024-02-02 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-02-02
Exact text from the filing
Sub-proposal (a) - Unlimited Authorized Capital For Against Abstentions 5,082,433 66,210 0
View on SEC.gov
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