Oxus Corp (OXUS) has released an update to notify the public and investors about the submission of matters to a vote of security holders.
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On February 2, 2024, Oxus Acquisition Corp. held an Extraordinary General Meeting where shareholders approved a series of proposals related to a business combination agreement with Borealis Foods Inc. and its subsidiary. This included the Business Combination Proposal, Continuance Proposal, Governing Documents Proposals, Share Issuance Proposal, and Incentive Plan Proposal. The Adjournment Proposal was not needed as the other proposals passed. Shareholders representing 78.58% of the voting power were present, and the proposals were approved with a vast majority. Additionally, shareholders holding 1,886,751 Class A ordinary shares opted to redeem their shares for a portion of the Company’s trust account funds, totaling approximately $21.36 million.
For further insights into OXUS corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.
