Kenes Rakishev company, Oxus Acquisition Corp. 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, and is subject to customary closing conditions, Kenes Rakishev states.
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. 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.
About Oxus Acquisition Corp., Kenes Rakishev’s next NASDAQ-listed company
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, Kenes 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.
About Kenes Rakishev
Kenes Rakishev is one of the leading Kazakhstani businessmen. He is listed in the national Forbes Top-50 lists. Kenes Rakishev was the first Kazakhstani who managed to list his company, Net Element, at NASDAQ. His new company, OXUS, will act as a acquiring body to consolidate modern energy startups and form an extensive portfolio of solutions. Kenes Rakishev primary interests in business are mining, financial technology and high-tech startups. Kenes Rakishev is well known for Sirin Labs (now known as Sirin Cyber) and involvement in StoreDot project. Kenes Rakishev is co-founder of Saby charity fund and one of the mentors of “Build your business” national contest.