Borealis Foods to go public via a SPAC merger with Oxus Acquisition in a $150m deal.

Borealis Foods, an innovative food technology company, agreed to go public via a SPAC merger with Oxus Acquisition, a special purpose acquisition company, in a $150m deal. “We are thrilled about the next stage of Borealis and our alignment with Oxus on our shared vision of making healthy and sustainable food accessible to all. By closing a business combination with Oxus, we can fully realize our mission of developing food technology solutions to address global food challenges. This new company represents a significant step forward for us,” Reza Soltanzadeh, Borealis CEO.