Oxus Acquisition Corp (NASDAQ: OXUSW) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination. As a blank‐check vehicle, Oxus Acquisition holds the net proceeds from its offering in a trust account until a qualifying transaction is identified and approved by its shareholders.
The company’s units, which trade under the symbol OXUS, consist of one share of common stock and one‐half of a warrant, the latter of which trades separately under the ticker OXUSW. Proceeds from the IPO are typically invested in U.S. Treasury instruments or other short‐term, low‐risk securities while the management team pursues potential target businesses.
To date, Oxus Acquisition has not disclosed a definitive merger partner or announced a specific target industry or geography, leaving its prospective focus open to opportunities across sectors. The SPAC structure provides the flexibility to evaluate businesses both domestically and internationally, with the objective of completing a transaction within the timeframe specified in its organizational documents.
Following the successful completion of a business combination, Oxus Acquisition Corp will transition from its current blank‐check status into a publicly traded operating company, at which point it will begin deploying capital into its acquired business and generating revenues from ongoing operations.
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