• Borealis Foods issued a USD 3 million convertible promissory note to Oxus Capital on May 29, 2026.
• Note carries 10% annual interest, due at maturity on Aug. 29, 2026, subject to extension pending required conversion approvals.
• Oxus can convert principal at USD 1.45 per share, implying about 2,068,966 shares, capped at 49.9% beneficial ownership.
• Proceeds earmarked for vendor payables, transaction costs, working capital; barred from repaying existing borrowed-money debt.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Borealis Foods Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-065290), on June 04, 2026, and is solely responsible for the information contained therein.