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    SEC Form S-4/A filed by Oxus Acquisition Corp. (Amendment)

    1/5/24 5:29:51 PM ET
    $OXUS
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    As filed with the Securities and Exchange Commission on January 5, 2024.

    Registration No. 333-273967

     

     

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

     

     

     

    Amendment No. 4
    to
    Form S-4
    Registration Statement Under the Securities Act of 1933

     

     

     

    OXUS ACQUISITION CORP.
    (Exact name of registrant as specified in its charter)

     

     

     

    Cayman Islands   6770   N/A
    (State or other jurisdiction of
    incorporation or organization)
      (Primary Standard Industrial
    Classification Code Number)
      (IRS Employer
    Identification Number)

     

    300/26 Dostyk Avenue
    Almaty, Kazakhstan 050020
    +7(727) 355-8021
    (Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

     

     

     

    Oxus Acquisition Corp.
    Donald J. Puglisi
    Puglisi & Associates
    850 Library Avenue, Suite 204
    Newark, Delaware 19711
    (302) 738-6680
      Borealis Foods, Inc.
    American Incorporators Ltd.
    1013 Centre Road, Suite 403-A
    Wilmington, Delaware 19801
    (302) 421-5750

    (Name, address, including zip code, and telephone number, including area code, of agent for service)

     

     

     

    Copies to:

    Alan I. Annex
    Yuta N. Delarck
    Greenberg Traurig, LLP
    One Vanderbilt Avenue
    New York, NY 10017
    Tel: (212) 801-6928
      Stephanie Stimpson
    Adrienne DiPaolo
    Torys LLP
    79 Wellington St. W.,
    30th Floor, Box 270, TD
    South Tower
    Toronto, Ontario
    M5K 1N2 Canada
    Tel: (416) 865-0040
      Richard Langan
    Christopher Keefe
    Nixon Peabody LLP
    55 West 46th Street
    New York, NY 10036
    Tel: (212) 940-3000
      John Mercury
    James McClary
    Bennett Jones LLP
    4500 Bankers Hall East
    855 2nd Street SW
    Calgary, Alberta
    T2P 4K7 Canada
    Tel: (403) 298-3100

     

     

     

    Approximate date of commencement of proposed sale of the securities to the public: As soon as practicable after the effective date of this registration statement and all other conditions to the proposed Business Combination as described herein have been satisfied or waived.

     

    If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

     

    If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

     

    If applicable, place an X in the box to designate the appropriate rule provision relied upon in conducting this transaction:

     

    Exchange Act Rule 13e-4(i) (Cross-Border Issuer Tender Offer) ☐

     

    Exchange Act Rule 14d-1(d) (Cross-Border Third-Party Tender Offer) ☐

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.

     

    Emerging growth company ☒

     

    If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

     

    The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the registration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.

     

     

     

     

     

     

    EXPLANATORY NOTE

     

    Oxus Acquisition Corp. is filing this Amendment No. 4 to its registration statement on Form S-4 (File No. 333-273967) (the “Registration Statement”) as an exhibits-only filing. Accordingly, this amendment consists only of the facing page, this explanatory note, Item 21 of Part II of the Registration Statement, the signature page to the Registration Statement and the filed exhibits. The remainder of the Registration Statement is unchanged and has therefore been omitted.

     

     

     

     

    PART II

     

    INFORMATION NOT REQUIRED IN PROSPECTUS

     

    Item 21. Exhibits and Financial Statement Schedules

     

    Exhibit
    Number
      Description
    2.1 +   Business Combination Agreement, dated as of February 23, 2023, by and among Oxus Acquisition Corp., 1000397116 Ontario Inc., and Borealis Foods Inc. (included as Annex A to this proxy statement/prospectus)
    2.2   Amendment to the Business Combination Agreement, dated as of August 11, 2023, by and among Oxus Acquisition Corp., 1000397116 Ontario Inc., and Borealis Foods Inc. (included as Annex A to this proxy statement/prospectus)
    3.1   Amended and Restated Memorandum and Articles of Association of Oxus Acquisition Corporation, dated November 23, 2021 (incorporated herein by reference to Exhibit 3.1 to Form 8-K (File No. 001-40778) as filed with the SEC on March 3, 2023)
    3.2(5)   Second Amended and Restated Memorandum and Articles of Association.
    3.3(8)   Third Amended and Restated Memorandum and Articles of Association.
    3.4   Borealis Arrangement Resolution (included as Annex B to the proxy statement/prospectus)
    4.1(2)   Specimen Unit Certificate
    4.2(2)   Specimen Class A Ordinary Share Certificate
    4.3(2)   Specimen Warrant Certificate.
    4.4(1)   Warrant Agreement, dated September 2, 2021, between Oxus and Continental Stock Transfer & Trust Company.
    4.5(4)   Description of Securities of the Registrant.
    5.1*   Opinion of Torys LLP
    8.1*   Opinion of Torys LLP regarding Canadian tax matters
    8.2*   Opinion of Greenberg Traurig, P.A. regarding U.S. tax matters
    10.1(1)   Registration Rights Agreement, dated September 2, 2021, among Oxus Acquisition Corp., 1000397116 Ontario Inc. and certain securityholders named therein
    10.2(1)   Letter Agreement, dated September 2, 2021, among Oxus Acquisition Corp., 1000397116 Ontario Inc. and certain security holders named therein
    10.3(1)   Investment Management Trust Agreement, dated September 2, 2021, between Oxus Acquisition Corp. and Continental Stock Transfer & Trust Company.
    10.4   Plan of Arrangement (Amended) (included as Annex C to the proxy statement/prospectus)
    10.5(6)   Form of Registration Rights Agreement (included as Annex F to the proxy statement/prospectus)
    10.6(6)   Form of Lock-up Agreement (included as Annex G to the proxy statement/prospectus)
    10.7   Form of Employment Agreement (included as Annex H to the proxy statement/prospectus)
    10.8   Form of New Borealis Articles of Continuance (included as Annex I to the proxy statement/prospectus)
    10.9   Form of New Borealis By-laws (included as Annex J to the proxy statement/prospectus)
    10.10(6)   Form of Shareholder Support Agreement, dated as of February 23, 2023, by and among Oxus Acquisition Corp. and certain shareholders of Borealis Foods Inc. (included as Annex D to the proxy statement/prospectus)
    10.11(6)   Sponsor Support Agreement, dated as of February 23, 2023, by and among Oxus Acquisition Corp., Oxus Capital Pte. Ltd and Borealis Foods Inc. (included as Annex E to the proxy statement/prospectus)
    10.12#   Belphar Ltd. Convertible Note, dated February 21, 2023
    10.13#   Belphar Ltd. Convertible Note, dated May 30, 2023
    10.14#   Saule Algaziyeva Convertible Note, dated March 6, 2023
    10.15**#   Equipment Lease Agreement, dated February 2, 2021, by and between Industrial Packaging Supplies, Inc. and Palmetto Gourmet Foods, Inc.
    10.16**#   Equipment Finance Agreement, dated February 25, 2021, by and between Palmetto Gourmet Foods, Inc. and m2 Equipment Finance LLC.
    10.17**#   Equipment Finance Agreement, dated March 12, 2021, by and between Palmetto Gourmet Foods, Inc. and m2 Equipment Finance LLC
    10.18**#   Equipment Lease Agreement, dated February 8, 2022, by and between Industrial Packaging Supplies, Inc. and Palmetto Gourmet Foods, Inc.
    10.19**#   Office Lease Agreement, dated April 8, 2021, by and between Borealis Foods Inc. and Lisgar Development Limited
    10.20**#   Master Lease Agreement, dated as of March 4, 2022, by and between Utica Leaseco, LLC and Palmetto Gourmet Foods, Inc.
    10.21**#   General Security Agreement, dated May 30, 2023, by and between Borealis Foods, PGF Real Estate I, Inc., PGF Real Estate II, Inc., Borealis IP Inc., Palmetto Gourmet Foods (Canada) Inc., and Palmetto Gourmet Foods Inc. and Belphar Ltd.
    10.22**#   Lien Subordination Agreement, dated May 30, 2023, by and between Centurion Financial Trust, Belphar Ltd., and Borealis Foods Inc., Palmetto Gourmet Foods Inc., and PGF Real Estate I, Inc.
    10.23**#   Supplier Standard Terms, dated November 1, 2022, by and between Palmetto Gourmet Foods, Inc. and Costco Wholesale Corporation
    10.24**#   E-Commerce Addendum to Costco Wholesale Supplier Agreement, dated January 28, 2021, by and between Palmetto Gourmet Foods, Inc. and Costco Wholesale Corporation
    10.25**#   Supplier Agreement, dated February 26, 2020, by and between Palmetto Gourmet Foods, Inc. and Walmart Inc.
    10.26**#   Contract Manufacturing Agreement, dated January 23, 2020, by and between Palmetto Gourmet Foods, Inc. and United Exchange Corporation
    10.27(6)   Amended and Restated Promissory Note, dated June 25, 2021, issued to our sponsor.
    10.28(2)   Subscription Agreement for Founder Shares, dated March 16, 2021, between the Registrant and our sponsor.
    10.29(1)   Private Placement Warrants Purchase Agreement, dated September 2, 2021, between the Company and Oxus Capital PTE. LTD.
    10.30(1)   Private Placement Warrants Purchase Agreement, dated September 2, 2021, between the Company and EarlyBirdCapital, Inc.

     

    II-1

     

     

    Exhibit
    Number
      Description
    10.31(1)   Private Placement Warrants Purchase Agreement, dated September 2, 2021, between the Company and Sova Capital Limited
    10.32(1)   Stock Escrow Agreement, dated September 2, 2021, by and among the Company, Continental, and certain security holders
    10.33(1)   Administrative Services Agreement, dated September 2, 2021, between the Company and the Sponsor.
    10.34(1)   Form of Indemnity Agreement.
    10.35(1)   Underwriting Agreement, dated September 2, 2021, between the Company and EarlyBirdCapital, Inc.
    10.36(3)   Promissory Note Dated September 8, 2022
    10.37#   Note Purchase Agreement, dated February 28, 2023, by and between Borealis Foods Inc. and Saule Algaziyeva
    10.38#   Note Purchase Agreement, dated February 8, 2023, by and between Borealis Foods Inc. and Belphar Ltd.
    10.39(6)   Amended and Restated Promissory Note, dated February 28, 2023
    10.40(7)   Second Amended and Restated Promissory Note, dated October 2, 2023
    10.41#   First Amendment to the Note Purchase Agreement, dated July 23, 2023
    10.42*   Form of Board Nomination Agreement between Borealis Foods Inc. and Belphar Ltd.
    23.1#   Consent of Marcum LLP
    23.2#   Consent of Berkowitz Pollack Brant
    23.3*   Consent of Torys LLP (included as part of Exhibit 5.1)
    23.4*   Consent of Torys LLP (included as part of Exhibit 8.1)
    23.5*   Consent of Greenberg Traurig, LLP (included as part of Exhibit 8.2)
    24.1   Power of Attorney (included on signature page to the initial filing of this registration statement).
    99.1#   Form of Proxy Card
    99.2*   Consent of director nominee — Kanat Mynzhanov
    99.3*   Consent of director nominee — Shiv Vikram Khemka
    99.4*   Consent of director nominee — Shukhrat Ibragimov
    99.5***   Consent of director nominee — Ertharin Cousin
    99.6#   Consent of director nominee — Steve Oyer
    99.7#   Consent of director nominee — Barthelemy Helg
    99.8#   Consent of director nominee — Reza Soltanzadeh
    99.9#   Consent of Scalar, LLC
    107#   Filing Fee Table
    101.INS   Inline XBRL Instance Document
    101.SCH   Inline XBRL Taxonomy Extension Schema Document
    101.CAL   Inline XBRL Taxonomy Extension Calculation Linkbase Document
    101.DEF   Inline XBRL Taxonomy Extension Definition Linkbase Document
    101.LAB   Inline XBRL Taxonomy Extension Label Linkbase Document
    101.PRE   Inline XBRL Taxonomy Extension Presentation Linkbase Document
    104   Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

     

     

    *Filed herewith
    **Certain confidential portions of this Exhibit were omitted by means of marking such portions with brackets (“[*****]”) because the identified confidential portions (i) are not material and (ii) would be competitively harmful if publicly disclosed.
    ***

    To be filed by amendment

    #Previously filed
    +Schedules to this exhibit have been omitted pursuant to Item 601(b)(2) of Registration S-K. The Registrant hereby agrees to furnish a copy of any omitted schedules to the Commission upon request.
    (1)Incorporated by reference to an exhibit to the Registrant’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on September 9, 2021.
    (2)Incorporated by reference to an exhibit to the Registrant’s Form S-1 (File No. 333-258183), filed with the SEC on July 27, 2021, as amended.
    (3)Incorporated by reference to an exhibit to the Registrant’s Current Report on Form 8-K, filed with the SEC on September 14, 2022.
    (4)Incorporated by reference to an exhibit to the Registrant’s Annual Report on Form 10-K, filed with the SEC on March 31, 2022.
    (5)Incorporated by reference to an exhibit to the Registrant’s Current Report on Form 8-K, filed with the SEC on March 3, 2023.
    (6)Incorporated by reference to an exhibit to the Registrant’s Current Report on Form 8-K, filed with the SEC on March 1, 2023.
    (7)Incorporated by reference to an exhibit to the Registrant’s Current Report on Form 8-K, filed with the SEC on October 6, 2023.
    (8)Incorporated by reference to an exhibit to the Registrant’s Current Report on Form 8-K, filed with the SEC on December 7, 2023.

     

    II-2

     

     

    Signatures

     

    Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, on January 5, 2024.

     

      Oxus Acquisition Corp.
       
      By: /s/ Kanat Mynzhanov
        Kanat Mynzhanov
        Chief Executive Officer and Director

     

    Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

     

    Signature   Title   Date
             
    /s/ Kanat Mynzhanov   Chief Executive Officer and Director   January 5, 2024
    Kanat Mynzhanov   (Principal Executive Officer)    
             
    *   Chief Financial Officer   January 5, 2024
    Askar Mametov   (Principal Financial and Accounting Officer)    
             
    *   Non-executive Chairman and Director   January 5, 2024
    Kenges Rakishev        
             
    *   Director   January 5, 2024
    Christophe Charlier        
             
    *   Director   January 5, 2024
    Karim Zahmoul        
             
    *   Director   January 5, 2024
    Shiv Vikram Khemka        

     

    * By: /s/ Kanat Mynzhanov  
    Name: Kanat Mynzhanov  
    Title: Attorney-in-Fact  

     

    II-3

     

     

    AUTHORIZED REPRESENTATIVE IN THE UNITED STATES

     

    Pursuant to the requirements of the Securities Act of 1933, as amended, Oxus Acquisition Corp., has duly caused this registration statement to be signed by the following duly authorized representative in the United States on January 5, 2024.

     

      Puglisi & Associates
       
      By: /s/ Donald J. Puglisi
      Name: Donald J. Puglisi
      Title: Managing Director

     

     

    II-4

     

    S-4/A true 0001852973 Non-accelerated Filer true 0001852973 2023-01-01 2023-09-30
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