--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-24-009745" form_type: "8-K" ticker: "BRLS" cik: "0001852973" company_name: "Borealis Foods Inc." filed_at: "2024-02-02T23:59:59+00:00" generated_at: "2026-06-06T10:08:10.942557+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Oxus Acquisition Corp. shareholders approve business combination with Borealis Foods; ~$21.4M redeemed ## Summary - 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. ## SEC filing metadata - accession: 0001213900-24-009745 - form_type: 8-K - ticker: BRLS - cik: 0001852973 - company_name: Borealis Foods Inc. - filed_at: 2024-02-02T23:59:59+00:00 - event_type: m_and_a - sentiment: positive - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1852973/000121390024009745/0001213900-24-009745-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852973/000121390024009745/ea192760-8k425_oxusacq.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-24-009745 - JSON: https://secwatch.observer/filing/0001213900-24-009745.json - Plain text: https://secwatch.observer/filing/0001213900-24-009745.txt ## Key facts - Shareholder Votes 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 source text: The proposal to approve and adopt an equity incentive plan in substantially the form attached to the Proxy Statement as Annex K was approved. evidence_url: https://www.sec.gov/Archives/edgar/data/1852973/000121390024009745/0001213900-24-009745-index.htm - Shareholder Votes 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 source text: The proposal to approve the Business Combination Agreement and the transactions contemplated thereby was approved. evidence_url: https://www.sec.gov/Archives/edgar/data/1852973/000121390024009745/0001213900-24-009745-index.htm - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1852973/000121390024009745/0001213900-24-009745-index.htm - Shareholder Votes 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 source text: Sub-proposal (b) - Declassification of Board of Directors For Against Abstentions 5,082,433 66,210 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1852973/000121390024009745/0001213900-24-009745-index.htm - Shareholder Votes 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 source text: Sub-proposal (c) - Reduced Quorum Requirement For Against Abstentions 5,082,433 66,210 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1852973/000121390024009745/0001213900-24-009745-index.htm - Shareholder Votes 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 source text: Sub-proposal (d) - Establishment of Advance Notice Procedures For Against Abstentions 5,082,433 66,210 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1852973/000121390024009745/0001213900-24-009745-index.htm - Shareholder Votes 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 source text: Sub-proposal (e) - Other Matters For Against Abstentions 5,082,433 66,210 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1852973/000121390024009745/0001213900-24-009745-index.htm - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1852973/000121390024009745/0001213900-24-009745-index.htm - Shareholder Votes 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 source text: Sub-proposal (a) - Unlimited Authorized Capital For Against Abstentions 5,082,433 66,210 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1852973/000121390024009745/0001213900-24-009745-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.