Borealis Foods (Oxus Acquisition) ^{Priced, Nasdaq: BRLS}

We are a blank check company incorporated as a Cayman Islands exempted company. We were formed for the purpose of entering into a merger, capital share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities, which we refer to as a “target business.” While we may pursue an initial business combination with any target business and in any sector or geographical location, we intend to focus our search on targets in energy transition technologies, such as battery materials, energy storage, EV infrastructure and advanced recycling in emerging/frontier countries including the CIS, South and South-East Asia and MENA regions. To date, our efforts have been limited to organizational activities as well as activities related to this offering. None of our officers, directors, promoters and other affiliates has engaged in any substantive discussions on our behalf with representatives of other companies regarding the possibility of a potential business combination with us. We believe, companies operating across energy transition verticals in emerging/frontier economies encounter difficulties in accessing capital from traditional sources. We believe that we have the opportunity to create an attractive business combination that will enable a target company to access the capital markets, thereby providing it with a growth capital.