Borealis Foods
Closed (deSPAC)Consumer Staples · instant noodle and ramen food products
- What it is
- Foods Inc
- What it’s doing now
- Merging with Oxus Acquisition Corp. (OXUS) — closed (despac).
- What you should know
- The deal carries a $30M minimum-cash condition — heavy redemptions can break it.
The business, per its filings
SEC primaryFoods Inc. Borealis Foods Inc. is a food science company focused on developing and commercializing innovative, nutritious, and affordable food products. The Company's common stock is listed on the Nasdaq Capital Market under the symbol “BRLS.” For more information, visit www.borealisfoods.com .
Source: S-4/A, accession 0001213900-24-003071
What the company says about itself
Web research — not auditedBorealis Foods Inc. is a U.S.-based food science company headquartered in North America (with a mailing address in Oakville, ON) that develops functional, nutrient-rich, high-protein, plant-based, and shelf-stable meals. The company focuses on redefining ramen noodles to provide advanced nutrition for consumers, K-12 school lunches, and crisis relief. Products are manufactured by its wholly owned subsidiary, Palmetto Gourmet Foods, in the USA, with a production capacity of up to 1.8 billion meals per year.
- Markets:
- Food Science | Plant-Based Food | School Lunches | Crisis Relief/Aid
- Products:
- Woodles | Chef Woo | Ramen Express | High-protein ramen noodles
- Customers:
- Walmart | Costco | Aldi | K-12 foodservice
[WEB-INTEL 2026-08-26] 4 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "On February 7, 2024, Borealis Foods Inc. ("Borealis") announced that it would commence trading on the Nasdaq under the ticker "BRLS" on February 8, 2024" [https://www.torys.com/en/work/2023/02/35a3c40a-acd2-40da-9494-14bb9bb83485] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The business combination of Oxus Acquisition Corp. (OXUS/W/U) and Borealis Foods Inc. closed today, February 7, 2024." [https://www.nasdaqtrader.com/TraderNews.aspx?id=ECA2024-53] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Deal Size, $M, $225.20M." [https://www.spacresearch.com/symbol/OXUSU] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "In January 2024, Borealis issued convertible notes payable with an aggregate principal amount $3 million, respectively, to New Investors." [https://content.edgar-online.com/ExternalLink/EDGAR/0001213900-24-032971.html?hash=7f2f500ff2fe0d9026df46b7c4d19b0ed8e966cffe2a0936c27f6cc82ae1f112&dest=ea0203428-8ka1_borealis_htm]
Source: https://www.borealisfoods.com/ · captured Aug 26, 2026 · marketing claims are reported as claims, never merged into the filed figures above.
The deal it’s entering
Borealis Foods is merging with Oxus Acquisition Corp. (OXUS) currently marked Closed (deSPAC).
| Headline equity value | — |
| Minimum cash to close | $30M |
Structure per SEC accession(s) 0001213900-23-066968. How to read these numbers: headline vs effective valuation · what a definitive agreement commits
What exactly is being valued, and at what
Common questions
Is Borealis Foods going public?
Borealis Foods has an approved merger with the SPAC Oxus Acquisition Corp. (OXUS). Deal status: Closed (deSPAC).
Does Borealis Foods have revenue?
The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.
Educational content, not investment advice.
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