Oxus Acquisition Corp. Announces Closing of $150 Million Initial Public Offering
September 08 2021 - 8:00PM
Oxus Acquisition Corp. (the “Company”) announced today the closing
of its initial public offering of 15,000,000 units. The offering
was priced at $10.00 per unit generating total gross proceeds of
$150,000,000.
The units are listed on the Nasdaq Capital
Market and trade under the ticker symbol “OXUSU.” Each unit
consists of one Class A ordinary share of the Company and one
redeemable warrant. Each whole warrant entitles the holder thereof
to purchase one Class A ordinary share at a price of $11.50 per
share. Once the securities comprising the units begin separate
trading, the Company expects that its Class A ordinary shares and
warrants will be listed on the Nasdaq Capital Market under the
ticker symbols “OXUS” and “OXUSW,” respectively.
EarlyBirdCapital, Inc. and Sova Capital Limited
served as the joint book-running managers of the offering.
I-Bankers Securities, Inc. served as the co-manager of the
offering. The underwriters have been granted a 45-day option to
purchase up to an additional 2,250,000 units at the initial public
offering price to cover over-allotments, if any.
The public offering was made only by means of a
prospectus, copies of which may be obtained by contacting
EarlyBirdCapital, Inc. at 366 Madison Avenue, 8th Floor, New York,
New York 10017, Attention: Syndicate Department, by telephone at
212-661-0200. All sales of the units in the United States
will be made by U.S. registered broker-dealers. Sova Capital
Limited is not a U.S. registered broker-dealer and therefore any
offers and sales of the units by Sova Capital Limited in the United
States will be made through Auerbach Grayson & Company LLC.
A registration statement relating to the
securities became effective on September 2, 2021. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
About Oxus Acquisition Corp.
Oxus Acquisition Corp. is a blank check company
organized for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, or reorganization or engaging in
any other similar business combination with one or more businesses
or entities. The Company is led by Chief Executive Officer, Kanat
Mynzhanov and will seek to capitalize on the substantial deal
sourcing, investing and operating expertise of its founder,
non-executive Chairman and director, Kenges Rakishev and its Chief
Financial Officer, Askar Mametov, as well as independent directors,
Shiv Vikram Khemka, Christophe Charlier and Sergei Ivashkovsky.
While the Company may pursue an initial business combination with
any target business and in any sector or geographical location, the
Company intends to focus its search on targets in energy transition
technologies, such as battery materials, energy storage, electric
vehicle infrastructure and advanced recycling in emerging/frontier
countries including the Commonwealth of Independent States, South
and South-East Asia and Middle East and North Africa
regions.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the proposed initial public offering and the anticipated use of the
net proceeds thereof. No assurance can be given that the net
proceeds of the offering will be used as indicated. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company’s registration statement and
prospectus for the Company’s offering filed with the U.S.
Securities and Exchange Commission (the “SEC”). Copies of these
documents are available on the SEC’s website, www.sec.gov. The
Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
Media Contact:
Oxus Acquisition Corp.
media@oxusacquisition.com
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