Business Context and Reporting Period
This Form 8-K is a current report filed by Oxus Acquisition Corp. (not Borealis Foods Inc.) on June 6, 2022, covering events occurring on May 31 and June 1, 2022. The registrant is a Cayman Islands-based special purpose acquisition company (SPAC) with securities trading on The Nasdaq Stock Market LLC.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes rather than financial performance.
Material Changes
- Director Resignation: On May 31, 2022, Sergei Ivashkovsky resigned as a director of the Board of Directors, effective immediately. The resignation was not based on any disagreement with the Company regarding operations, policies, or practices.
- Director Appointment: On June 1, 2022, the Board appointed Karim Zahmoul to fill the vacancy created by Mr. Ivashkovsky's resignation, effective immediately. Mr. Zahmoul will serve on the Audit Committee.
Management Commentary and Qualifications
Management highlighted Mr. Zahmoul's extensive 25-year investment banking background. His experience includes roles as Founder and CEO of EMVirya Ltd, Partner at Temporis Capital, Managing Director at Barclays Investment Bank (Global Emerging Market business), and Managing Director at Deutsche Bank. He holds degrees from Columbia University. The Company believes his qualifications include significant experience in the investment and financial industries, particularly in emerging markets and renewable energy.
Investor Verification Checklist
- Verify the correct registrant name is Oxus Acquisition Corp., not Borealis Foods Inc.
- Confirm the effective dates of the director resignation (May 31, 2022) and appointment (June 1, 2022).
- Review Mr. Zahmoul's background to assess his fit for the Audit Committee role.
- Note that no financial data or guidance is included in this specific filing.