Oxus Acquisition filed a registration statement with the sec outlining its proposed business combination with Borealis Foods.
The $150 million deal was announced in February and is expected to close in the fourth quarter.
Borealis is a food technology company that has developed a high quality, affordable, sustainable and highly nutritious range of plant-based, ready-to-eat meals.
Borealis has increased gross revenues from $14.3 million in 2021 to $27.5 million in 2022, representing a 92.7% year-over-year growth, according to a press release. In the three months ended March 31 its gross revenues were $8.7 million.