Oxus Capital PTE. LTD. - 07 Feb 2024 Form 4/A - Amendment Insider Report for Borealis Foods Inc. (BRLS)

Source evidence Original filing metadata and source links for verification. 6 source fields
SEC form
4/A - Amendment
Accepted by SEC
29 May 2026, 06:10:29 UTC
Original report date
09 Feb 2024
Prior SEC filing
02 Sep 2021
Next SEC filing
29 May 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Oxus Capital PTE. LTD., By /s/ Pavel Mynzhanov, Authorized Signatory.

Key filing fact

Oxus Capital PTE. LTD. filed Form 4/A - Amendment for Borealis Foods Inc. (BRLS) on 29 May 2026.

Key facts

  • This page summarizes Oxus Capital PTE. LTD.'s Form 4/A - Amendment filing for Borealis Foods Inc. (BRLS).
  • 6 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 29 May 2026, 06:10.

Change

  • Previous filing in this sequence was filed on 02 Sep 2021.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4/A - Amendment disclosures.

View source filing

Reporting Owners (2)

CIK 0001881259 Primary reporting owner

Oxus Capital PTE. LTD.

Relationship
10%+ Owner
Address
C/O BOREALIS FOODS, INC., 1540 CORNWALL RD. #104, OAKVILLE, ONTARIO, CANADA
Signature
Oxus Capital PTE. LTD., By /s/ Pavel Mynzhanov, Authorized Signatory.
Signature date
29 May 2026
CIK 0001548375

Rakishev Kenges

Relationship
10%+ Owner
Address
C/O BOREALIS FOODS, INC., 1540 CORNWALL RD. #104, OAKVILLE, ONTARIO, CANADA
Signature
Kenges Rakishev, By /s/ Kenges Rakishev
Signature date
29 May 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BRLS transaction

Class A Common Shares

Conversion of derivative security

Transaction value
Shares
+1,912,500
Change %
+128%
Price
$0.000000*
Shares after
3,412,500
Date
07 Feb 2024
Ownership
Direct
Footnotes
F2, F6
BRLS transaction

Class A Common Shares

Conversion of derivative security

Transaction value
Shares
+1,912,500
Change %
+128%
Price
$0.000000*
Shares after
3,412,500
Date
07 Feb 2024
Ownership
Direct
Footnotes
F2, F6
BRLS transaction

Class A Common Shares

Conversion of derivative security

Transaction value
Shares
+2,189,977
Change %
+64%
Price
$0.000000*
Shares after
5,602,477
Date
07 Feb 2024
Ownership
Direct
Footnotes
F3, F6
BRLS transaction

Class A Common Shares

Conversion of derivative security

Transaction value
Shares
+2,189,977
Change %
+64%
Price
$0.000000*
Shares after
5,602,477
Date
07 Feb 2024
Ownership
Direct
Footnotes
F3, F6
BRLS transaction

Class A Common Shares

Other

Transaction value
Shares
-200,000
Change %
-3.6%
Price
Shares after
5,402,477
Date
07 Feb 2024
Ownership
Direct
Footnotes
F4, F6
BRLS transaction

Class A Common Shares

Other

Transaction value
Shares
-200,000
Change %
-3.6%
Price
Shares after
5,402,477
Date
07 Feb 2024
Ownership
Direct
Footnotes
F4, F6
BRLS transaction

Class A Common Shares

Other

Transaction value
Shares
-50,000
Change %
-0.93%
Price
Shares after
5,352,477
Date
07 Feb 2024
Ownership
Direct
Footnotes
F5, F6
BRLS transaction

Class A Common Shares

Other

Transaction value
Shares
-50,000
Change %
-0.93%
Price
Shares after
5,352,477
Date
07 Feb 2024
Ownership
Direct
Footnotes
F5, F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BRLS transaction Derivative

Class B ordinary shares

Disposed to Issuer

Transaction value
Shares
-750,000
Change %
-28%
Price
$0.000000*
Shares after
1,912,500
Date
07 Feb 2024
Ownership
Direct
Underlying class
Class A Common Shares
Underlying amount
750,000
Exercise price
Footnotes
F1, F6
BRLS transaction Derivative

Class B ordinary shares

Disposed to Issuer

Transaction value
Shares
-750,000
Change %
-28%
Price
$0.000000*
Shares after
1,912,500
Date
07 Feb 2024
Ownership
Direct
Underlying class
Class A Common Shares
Underlying amount
750,000
Exercise price
Footnotes
F1, F6
BRLS transaction Derivative

Class B ordinary shares

Conversion of derivative security

Transaction value
Shares
-1,912,500
Change %
-100%
Price
$0.000000*
Shares after
0
Date
07 Feb 2024
Ownership
Direct
Underlying class
Class A Common Shares
Underlying amount
1,912,500
Exercise price
Footnotes
F2, F6
BRLS transaction Derivative

Class B ordinary shares

Conversion of derivative security

Transaction value
Shares
-1,912,500
Change %
-100%
Price
$0.000000*
Shares after
0
Date
07 Feb 2024
Ownership
Direct
Underlying class
Class A Common Shares
Underlying amount
1,912,500
Exercise price
Footnotes
F2, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Oxus Capital PTE. LTD. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 6 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

SEC remarks

See Exhibit 24.1 - Power of Attorney

We use cookies and similar technologies to provide certain features, enhance the user experience and, if you allow them, measure engagement and deliver advertising. Analytics and marketing storage stay off until you grant consent. By clicking on "Agree and continue", you declare your consent to the use of the selected optional cookies. Manage preferences to update or revoke optional consent for future visits. For more information, see our Privacy Policy .