Anuncio • Feb 09

Borealis Foods Inc. completed the acquisition of Oxus Acquisition Corp. (NasdaqCM:OXUS) from Periscope Capital Inc, Polar Asset Management Partners Inc., D.E. Shaw Laminar Portfolios, LLC, Oxus Capital Pte. Ltd, Adage Capital Management, L.P., Barclays PLC and others in a reverse merger transaction.

Borealis Foods Inc. executed the LOI to acquire Oxus Acquisition Corp. (NasdaqCM:OXUS) from Periscope Capital Inc, Polar Asset Management Partners Inc., D.E. Shaw Laminar Portfolios, LLC, Oxus Capital Pte. Ltd, Adage Capital Management, L.P., Barclays PLC and others in a reverse merger transaction on October 26, 2022. Borealis Foods Inc. entered into a definitive business combination agreement to acquire Oxus Acquisition Corp. from Periscope Capital Inc, Polar Asset Management Partners Inc., D.E. Shaw Laminar Portfolios, LLC, Oxus Capital Pte. Ltd, Adage Capital Management, L.P., Barclays PLC and others for approximately $120 million in a reverse merger transaction on February 23, 2023. In connection with the proposed transaction, the aggregate consideration to be paid to Borealis’ equity holders will be $150 million of rollover equity subject to adjustment. The transaction values Borealis at an enterprise value pre-money of $150 million. Under the proposed transaction terms, Borealis will combine with Oxus and become a publicly traded entity under its existing name. Upon closing of the proposed transaction, the Company will continue to be led by Borealis’ CEO and Co-Founder Reza Soltanzadeh, and Chairman and Co-Founder Barthelemy Helg. As of February 28, 2023, the extraordinary general meeting of shareholders of Oxus Acquisition on March 2, 2023. The Company’s board is expected to be comprised of seven directors, five of whom will be independent, consistent with the applicable NASDAQ listing rules. As of August 11, 2023, the business combination agreement was amended. Pursuant to the Business Combination Agreement, among other things: (a) the Company will domesticate and continue as a corporation existing under the laws of the province of Ontario, Canada (the “Continuance” and, the Company as the continuing entity, “New Oxus”); (b) on the closing date, Newco and Borealis will amalgamate in accordance with the terms of the plan of arrangement (the “Borealis Amalgamation” and Newco and Borealis as amalgamated, “Amalco”), with Amalco surviving the Borealis Amalgamation as a wholly-owned subsidiary of New Oxus; and (c) on the closing date, immediately following the Borealis Amalgamation, Amalco and New Oxus will amalgamate (the “New Oxus Amalgamation,” and together with the Continuance, the Borealis Amalgamation and other transactions contemplated by the Business Combination, the plan of arrangement and the ancillary agreements, the “Proposed Transaction”), with New Oxus surviving the New Oxus Amalgamation. In connection with the closing date (the “Closing”), Oxus and certain Borealis Shareholders and certain shareholders of Oxus (the “Holders”) will enter into an agreement, pursuant to which Oxus will be obligated to file a registration statement to register the resale of certain securities of Oxus held by the Holders. In the event the Business Combination deal does not occur Borealis could be obligated to pay a reverse termination fee of $5 million payable under certain circumstances. The transaction is subject to approval of the shareholders of both Oxus and Borealis, receipt of all required third -party consents by Borealis, after giving effect to the redemptions, Oxus has at least $5,000,001 of net tangible assets as required by its Articles, the amount of Closing Available Cash is at least $30 million, the registration statement on Form S -4 has been declared effective by the SEC, delivery of the audited consolidated balance sheet of Borealis as of December 31, 2021 and the audited consolidated balance sheet of Borealis as of December 31, 2022, and the related audited consolidated statements of income of Borealis for such years, All pre-closing approvals or clearances reasonably required under any applicable Antitrust Laws and FDI Laws, other than the ICA Approval, shall have been obtained, lock-up agreement, FIRPTA tax certificates, employment agreement, Borealis Foods closing Indebtedness shall not exceed $17 million, ICA approval, the satisfaction of customary closing conditions and approval by Nasdaq of the initial listing application in connection with the Business Combination. The boards of directors of Borealis and Oxus have each unanimously approved the proposed transaction. The transaction is expected to close during the third quarter of 2023. As of August 16, 2023, the proposed transaction is currently expected to be completed late in the fourth quarter of 2023. On September 2, 2021, Oxus Acquisition has engaged EarlyBirdCapital, lnc. and Sova Capital Limited as financial advisors in connection with a Business Combination to assist in holding meetings with its shareholders to discuss the potential Business Combination and the target business’ attributes, introduce the potential investors. Oxus Acquisition will pay EarlyBirdCapital and Sova Capital a cash fee for such services upon the consummation of a Business Combination of $5.3 million equal to 3.0% of the gross proceeds of Oxus’ IPO. Stephanie Stimpson and Adrienne DiPaolo of Torys LLP (Canada), Travers Thorp Alberga (Cayman Islands), and Alan I. Annex, Yuta N. Delarck, Jason Kislin and Michael Helsel of Greenberg Traurig, LLP acted as legal advisors to Oxus (US). Richard F. Langan and Christopher Keefe of Nixon Peabody LLP (US) and John Mercury and James McClary of Bennett Jones LLP (Canada) acted as legal advisors to Borealis. Herbert Smith Freehills LLP (HSF) as US counsel to conduct legal due diligence on Borealis. Scalar LLC and its affiliates are engaged by Oxus to render its opinion to the Oxus Board and Scalar received a fee of $150,000 from Oxus for providing its services and rendering its opinion. As a contingent arrangement, an additional fee up to $0.2 million is payable to Oxus Acquisition's legal counsel in the event of the completion of Business Combination. Continental Stock Transfer & Trust Company acted as transfer agent to Oxus Acquisition. Borealis Foods Inc. completed the acquisition of Oxus Acquisition Corp. (NasdaqCM:OXUS) from Periscope Capital Inc, Polar Asset Management Partners Inc., D.E. Shaw Laminar Portfolios, LLC, Oxus Capital Pte. Ltd, Adage Capital Management, L.P., Barclays PLC and others in a reverse merger transaction on February 7, 2024. The Company will commence trading on the Nasdaq under the ticker "BRLS" and Company's warrants will also commence trading, on February 8, 2024 under the symbol "BRLSW.". On February 2, 2024, Oxus Acquisition Corp.'s shareholders approved the Business Combination Proposal. As a part of closing, the Company's Board of Directors is comprised of food industry and financial industry veterans, with specialties in branding, distribution, research and development, audit and investing and Oxus' Chief Executive Officer, Kanat Mynzhanov, will join the Company's Board of Directors.

Crecimiento de la industria Capital Markets	10.26%
Tasa de crecimiento de los ingresos	n/a
Rentabilidad financiera	n/a
Margen neto	n/a
Última actualización de beneficios	30 Sep 2023

Fecha	Beneficios	Gastos G+A
30 Sep 23	-1	5
30 Jun 23	-1	5
31 Mar 23	0	4
31 Dec 22	0	3
30 Sep 22	-1	3
30 Jun 22	-1	2
31 Mar 22	-1	1

Datos	Última actualización (huso horario UTC)
Análisis de la empresa	2024/02/07 09:37
Precio de las acciones al final del día	2024/02/07 00:00
Beneficios	2023/09/30
Ingresos anuales	2022/12/31

Paquete	Datos	Marco temporal	Ejemplo Fuente EE.UU. ^*
Finanzas de la empresa	10 años	Cuenta de resultados Estado de tesorería Balance	Formulario SEC 10-K Formulario SEC 10-Q
Estimaciones del consenso de analistas	+3 años	Previsiones financieras Objetivos de precios de los analistas	Informes de análisis Blue Matrix
Precios de mercado	30 años	Precios de las acciones Dividendos, escisiones y acciones	Datos de mercado ICE Formulario S-1 de la SEC
Propiedad	10 años	Accionistas principales Información privilegiada	Formulario SEC 4 Formulario SEC 13D
Gestión	10 años	Equipo directivo Consejo de Administración	Formulario SEC 10-K Formulario SEC DEF 14A
Principales avances	10 años	Anuncios de empresas	Formulario SEC 8-K

This company is no longer active

Oxus Acquisition Resultados de beneficios anteriores

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Borealis Foods Inc. completed the acquisition of Oxus Acquisition Corp. (NasdaqCM:OXUS) from Periscope Capital Inc, Polar Asset Management Partners Inc., D.E. Shaw Laminar Portfolios, LLC, Oxus Capital Pte. Ltd, Adage Capital Management, L.P., Barclays PLC and others in a reverse merger transaction.

Oxus Acquisition Corp.(NasdaqCM:OXUS) dropped from NASDAQ Composite Index

Oxus Acquisition Corp. announced delayed 10-Q filing

Oxus Acquisition Corp. announced delayed 10-Q filing

Oxus Acquisition Receives Written Notice from Nasdaq Regarding Non-Compliance with the Minimum Public Holders Rule

Oxus Acquisition Corp. announced delayed 10-Q filing

Oxus Acquisition Corp. has completed an IPO in the amount of $150 million.

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