Oxus Acquisition registered to offer 15 million units priced at $10 each. A unit consists of one share and one warrant. Whole warrants will be redeemable at $11.50 for a share.
The SPAC intends to focus on targets in energy transition technologies, such as battery materials, energy storage, electric vehicle (“EV”) infrastructure and advanced recycling in emerging/frontier countries including the Commonwealth of Independent States (“CIS”), South and South-East Asia and Middle East and North Africa (“MENA”).
Oxus is led by CEo Kanat Mynzhanov, who co-founded Bellprescot and Bellprescot Asset Management and served as the director of Bellprescot from September 2016 until April 2021.
EarlyBirdCapital and Sova Capital are joint book-running managers of the offering. The underwriters have an option to purchase up to an additional 2.25 million units to cover over-allotments, if any.
The SPAC intends to apply for a Nasdaq listing under OXUSU. Read more.
