Management ChangeMay 14, 2026, 04:21 PM
Borealis Foods Board Sees Director Resignation, Two New Appointments
AI Summary
Borealis Foods Inc. announced changes to its Board of Directors. On May 11, 2026, Mr. Shiv Khemka resigned from the Board and all his committee positions. Concurrently, the Board increased its size from seven to eight directors and appointed Zaure Algaziyeva and Pavel Mynzhanov as new directors. These appointments were made in accordance with the Credit Agreement with Oxus Capital PTE Ltd.
Key Highlights
- Shiv Khemka resigned from Borealis Foods' Board of Directors and all committee positions on May 11, 2026.
- The Board's size increased from seven to eight directors.
- Zaure Algaziyeva was appointed as an independent director to the Board and its Audit, Compensation, and Nominating & Corporate Governance Committees.
- Pavel Mynzhanov was appointed as a director; he is a Director of Oxus Capital PTE Ltd., a lender and significant shareholder.
- The appointments were made pursuant to the Credit Agreement with Oxus Capital PTE Ltd., dated April 27, 2026.
- Mr. Khemka's resignation was not due to any disagreement with the Company's operations, policies, or practices.
Price Impact
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