Oxus Acquisition Corp. Announces Full Exercise of Underwriters’ Over-Allotment Option in Connection with its Initial Public Offering
September 13 2021 - 04:00PM
Oxus Acquisition Corp. (the “Company”) announced today that the
underwriters of its previously announced initial public offering of
units have fully exercised their over-allotment option, resulting
in the issuance of an additional 2,250,000 units at a public
offering price of $10.00 per unit. After giving effect to the
exercise of the option, an aggregate of 17,250,000 units have been
issued in the initial public offering at an aggregate offering
price of $172,500,000.
Each unit consists of one Class A ordinary
share and one redeemable warrant, with each whole warrant entitling
the holder 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 Class A ordinary shares and warrants are
expected to be listed on the Nasdaq Capital Market under the
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. A registration statement relating to these
securities was declared effective by the Securities and Exchange
Commission (the “SEC”) on September 2, 2021. The 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 were made by U.S. registered broker-dealers. Sova
Capital Limited is not a U.S. registered broker-dealer and any
offers and sales of the units by Sova Capital Limited in the United
States were made through Auerbach Grayson & Company LLC.
This press release shall not constitute an offer
to sell or a 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 includes forward-looking
statements that involve risks and uncertainties. Forward-looking
statements are statements that are not historical facts. Such
forward-looking statements, including with respect to the initial
public offering and the anticipated use of the proceeds thereof,
are subject to risks and uncertainties, which could cause actual
results to differ from the forward-looking statements, including
those set forth in the risk factors section of the registration
statement and preliminary prospectus for the Company’s initial
public offering. Copies of these documents can be accessed through
the SEC’s website at www.sec.gov. No assurance can be given
that the offering discussed above will be completed on the terms
described, or at all, or that the net proceeds of the offering will
be used as indicated. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based, except as required by law.
Media Contact:
Oxus Acquisition Corp.
media@oxusacquisition.com
Oxus Acquisition (NASDAQ:OXUSU)
Historical Stock Chart
From Feb 2024 to Mar 2024
Oxus Acquisition (NASDAQ:OXUSU)
Historical Stock Chart
From Mar 2023 to Mar 2024