Oxus Acquisition Corp. Announces Pricing of $150 Million Initial Public Offering
September 02 2021 - 8:10PM
Oxus Acquisition Corp. (the “Company”) announced today the pricing
of its initial public offering of 15,000,000 units, at a price of
$10.00 per unit. The units are expected to commence trading on
September 3, 2021 on the Nasdaq Capital Market under the symbol
“OXUSU”.
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
are serving as the joint book-running managers 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 offering is expected to close on or about
September 8, 2021, subject to customary closing conditions.
A registration statement relating to these
securities has been declared effective by the Securities and
Exchange Commission (the “SEC”) on September 2, 2021. The offering
is being 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.
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
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