Oxus Capital PTE. LTD. 4
4 · Borealis Foods Inc. · Filed Feb 9, 2024
Insider Transaction Report
Form 4
Oxus Capital PTE. LTD.
10% Owner
Transactions
- Conversion
Class A Common Shares
2024-02-07+2,189,977→ 5,602,477 total - Conversion
Class A Common Shares
2024-02-07+1,912,500→ 3,412,500 total - Other
Class A Common Shares
2024-02-07−200,000→ 5,402,477 total - Other
Class A Common Shares
2024-02-07−50,000→ 5,352,477 total - Disposition to Issuer
Class B ordinary shares
2024-02-07−750,000→ 1,912,500 total→ Class A Common Shares (750,000 underlying) - Conversion
Class B ordinary shares
2024-02-07−1,912,500→ 0 total→ Class A Common Shares (1,912,500 underlying)
Footnotes (5)
- [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, the Reporting Person forfeited 750,000 Class B ordinary shares of Oxus for no consideration pursuant the Sponsor Support Agreement, dated February 23, 2023, by and among the Reporting Person, 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 the Reporting Person pursuant to the Note Purchase Agreement between Borealis and the Reporting Person dated as of October 21, 2022 and the Note Purchase Agreement between Borealis and the Reporting Person dated as of November 14, 2022, automatically converted into 2,189,977 Class A common shares of the Issuer.
- [F4]Represents securities transferred from the Reporting Person 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 the Reporting Person. Kanat Mynzhanov owns a membership interest in the Reporting Person, which directly owns shares of the Issuer's Class A Common Shares.
- [F5]Represents securities transferred from the Reporting Person 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 the Reporting Person.