Brief: Borealis Foods To Go Public Through Merger With Oxus Acquisition

Borealis Foods (Oakville)

24/02/2023 13:58

Feb 24 (Reuters) - Oxus Acquisition Corp  OXUS.O :
    * BOREALIS FOODS INC. TO GO PUBLIC THROUGH BUSINESS
COMBINATION
WITH OXUS ACQUISITION CORP., ADVANCING THE MISSION TO DEVELOP
GLOBAL FOOD SOLUTIONS
    * OXUS ACQUISITION CORP - TRANSACTION VALUES BOREALIS AT AN
ENTERPRISE VALUE PRE-MONEY OF $150 MILLION
    * OXUS ACQUISITION CORP - TRANSACTION EXPECTED TO CLOSE
DURING Q3
OF 2023
    * OXUS ACQUISITION CORP - BOREALIS' LEADERSHIP WILL CONTINUE
TO
LEAD NEWLY COMBINED CO WITH REZA SOLTANZADEH, MD AS CEO AND
BARTHELEMY HELG AS CHAIRMAN
    * OXUS ACQUISITION CORP - UNDER PROPOSED TRANSACTION TERMS,
BOREALIS WILL COMBINE WITH OXUS AND BECOME A PUBLICLY TRADED
ENTITY UNDER ITS EXISTING NAME
    * OXUS ACQUISITION CORP - BUSINESS COMBINATION AGREEMENT ON
FEBRUARY 23 IS EXPECTED TO RESULT IN A NEWLY-COMBINED COMPANY
UNDER NAME BOREALIS FOODS INC.

Source text for Eikon:  ID:nGNX6f46HZ 
Further company coverage:  OXUS.O 
 ((Reuters.Briefs@thomsonreuters.com;))