Kanat Mynzhanov - Oct 9, 2024 Form 4 Insider Report for Borealis Foods Inc. (BRLS)

Role: Director
Signature: /s/Pouneh Rahimi, Attorney-in-Fact
Stock symbol: BRLS
Transactions as of: Oct 9, 2024
Transactions value $: $0
Form type: 4
Date filed: 10/11/2024, 04:01 PM
Previous filing: Feb 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRLS	Class A Common Stock	Other		+50K	+25%		250K	Oct 9, 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents securities transferred to the Reporting Person for no consideration from Oxus Capital PTE. LTD. pursuant to an incentive agreement between the Reporting Person and Oxus Capital PTE. LTD., dated as of September 22, 2023. The Reporting Person owns a membership interest in Oxus Capital PTE. LTD., which directly owns shares of the Issuer's Class A common shares and, as a result thereof, the Reporting Person also holds an indirect pecuniary interest in certain of the securities held by the Issuer.

Content

Represents securities transferred to the Reporting Person for no consideration from Oxus Capital PTE. LTD. pursuant to an incentive agreement between the Reporting Person and Oxus Capital PTE. LTD., dated as of September 22, 2023. The Reporting Person owns a membership interest in Oxus Capital PTE. LTD., which directly owns shares of the Issuer's Class A common shares and, as a result thereof, the Reporting Person also holds an indirect pecuniary interest in certain of the securities held by the Issuer.