Borealis Foods Inc. completes business combination

TORONTO — Borealis Foods, Inc., a manufacturer focused on developing food solutions at affordable prices, announced that it will commence trading on the Nasdaq under the ticker “BRLS” on February 8, 2024, following the closing of its previously announced business combination with Oxus Acquisition Corp.

Upon closing of the Business Combination, the Company continues to be led by Borealis’ CEO and Co-Founder Reza Soltanzadeh, and Chairman and Co-Founder Barthelemy Helg.

Borealis is a manufacturer with a mission to address global food nutritional challenges through its research and development of food products. The company’s reported focus on affordability and sustainability reflects its commitment to making a positive impact. Borealis says they have created ramen meals that are organic, vegan, vegetarian, Halal, Kosher, plant-based, egg and dairy free, non-GMO, MSG free, and TBHQ free, and are manufactured with recyclable packaging. Made by Borealis-owned Palmetto Gourmet Foods, the Chef Woo Ramen brand and the popular Ramen Express Ramen brand are available in the United States, Canada, Mexico and Europe.

The Company says they have rapidly expanded its retail distribution footprint over 21,000 retail locations, beyond the United States and Canada and into Mexico and Europe. Fulfilling its mission of making nutritiously-created foods accessible, Borealis, through its food manufacturing company, has also begun expanding its available solutions into school, correctional facility and military food service.

The Company’s Board of Directors is comprised of food industry and financial industry veterans, with specialties in branding, distribution, research and development, audit and investing. Oxus’ Chief Executive Officer, Kanat Mynzhanov, will join the Company’s Board of Directors.

The Company’s warrants will also commence trading on February 8, 2024 under the symbol “BRLSW.”