Oxus Acquisition priced its IPO of 15 million units, at $10 each. Uunits are expected to begin trading today on the Nasdaq under OXUSU.
Each consists of one share and one redeemable warrant, with each whole warrant exercisable at $11.50 per share. Once the securities begin separate trading, shares and warrants are expected to list under OXUS and OXUSW.
The SPAC intends to focus on targets in energy transition technologies.
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 any over-allotments.
The offering is expected to close Sept. 8. Read more.
