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Borealis Foods Inc.
BRLS
Total Value
$0
Company Information
- Company Name
- Borealis Foods Inc.
- Ticker Symbol
- BRLS
- CIK
- 0001852973
Insider Information
- Role
- 10% Owner
10% Owner
Filing Details
- Filing Date
- May 29, 2026
- Transaction Date
- Feb 7, 2024
- Accession Number
- 0001213900-26-062394
- Form Type
- 4
Non-Derivative Transactions
| Date | Security | Shares | Price | Type | Value |
|---|---|---|---|---|---|
| Feb 7, 2024 | Class A Common Shares | 1,912,500 | — | C | — |
| Feb 7, 2024 | Class A Common Shares | 2,189,977 | — | C | — |
| Feb 7, 2024 | Class A Common Shares | 200,000 | — | Other | — |
| Feb 7, 2024 | Class A Common Shares | 50,000 | — | Other | — |
Derivative Transactions
| Date | Security | Shares | Exercise Price | Type | Value |
|---|---|---|---|---|---|
| Feb 7, 2024 | Derivative | 750,000 | — | Disposition | — |
| Feb 7, 2024 | Derivative | 1,912,500 | — | C | — |
Footnotes
- (F1)In connection with the business combination (the "Business Combination") by and among Oxus Acquisition Corp. ("Oxus"), Borealis Foods Inc. ("Borealis") and 1000397116 Ontario Inc. on February 7, 2024 (the "Closing"), immediately prior to the Closing, Oxus Capital PTE. LTD. ("Oxus Capital") forfeited 750,000 Class B ordinary shares of Oxus for no consideration pursuant the Sponsor Support Agreement, dated February 23, 2023, by and among Oxus Capital, Oxus and Borealis.
- (F2)Upon the Closing, all Class B ordinary shares of Oxus were automatically converted into Class A common shares of the Issuer on a one-for-one basis.
- (F3)At the Closing, the convertible notes issued by Borealis to Oxus Capital pursuant to the Note Purchase Agreement between Borealis and Oxus Capital dated as of October 21, 2022 and the Note Purchase Agreement between Borealis and Oxus Capital dated as of November 14, 2022, automatically converted into 2,189,977 Class A common shares of the Issuer.
- (F4)Represents securities transferred from Oxus Capital to Kanat Mynzhanov upon consummation of the Business Combination, pursuant to an incentive agreement, dated as of September 22, 2023, by and between Kanat Mynzhanov and Oxus Capital. Kanat Mynzhanov owns a membership interest in Oxus Capital, which directly owns shares of the Issuer's Class A Common Shares.
- (F5)Represents securities transferred from Oxus Capital to Askar Mametov upon consummation of the Business Combination, pursuant to an incentive agreement, dated as of September 22, 2023, by and between Askar Mametov and Oxus Capital.
- (F6)This amendment is being filed to add Kenges Rakishev, who is a controlling shareholder of Oxus, as a reporting person and to reflect his indirect beneficial ownership of the securities previously reported herein. This amendment does not report any new transaction or otherwise modify the transactions previously reported, except to reflect Mr. Rakishev as an additional reporting person. Mr. Rakishev disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.