Oxus Acquisition Corp. Nears Nasdaq Listing of Borealis Foods Inc., Led by Non-Executive Chairman Kenges Rakishev, Following Groundbreaking Central Asian SPAC Success
01 Juni 2023 - 2:56AM
Following the successful completion of Central Asia’s first Special
Purpose Acquisition Company (SPAC), Oxus Acquisition Corp.’s
(NASDAQ:OXUS) IPO, Non-Executive Chairman Kenges Rakishev is
leading the charge for the upcoming Nasdaq listing of Borealis
Foods Inc.
Founded by its CEO Reza Soltanzadeh, Borealis Foods, a
pioneering entity in the food technology industry, has successfully
engineered a nutritious, affordable, and environmentally friendly
array of ready-to-consume plant-based meals.
These meals are currently available in the US and Canada, with
plans for expansion into the European market imminent. The company
stands at the forefront of innovation, having introduced the
world’s first plant-based ramen meal on a mass scale, boasting 20
grams of comprehensive protein per serving. This
listing marks a significant milestone for the Central Asian
investment landscape and a landmark achievement in Rakishev’s
investment career. With a significant trajectory of
acquiring and investing in over 50 businesses in various industries
such as metals & mining, oil, petrochemicals, banking, fintech,
information technology, ecommerce, logistics, and insurance,
Rakishev’s diverse investment portfolio includes about ten active
companies worldwide, demonstrating his knack for identifying and
driving growth in businesses across the global stage.
Rakishev’s leadership roles have not been confined to Oxus
Acquisition alone. Since March 2021, he has served as the President
of Fincraft Group LLP, a diversified holding company listed on the
Kazakhstan Stock Exchange. Rakishev has also been the Chairman of
the Board of Fincraft Resources JSC since September 2008, a
diversified holding company focused on the natural resources and
disruptive technology industries. Furthermore, up until December
31, 2021 he held leadership positions at Battery Metals
Technologies Ltd., an electric vehicle battery metals
company. From 2013 to May 2018, he served as a
non-executive director of Central Asia Metals Plc and was the
controlling shareholder and chairman of Kazkommertsbank JSC, the
largest Kazakh commercial bank, from March 2015 to June 2017.
Rakishev’s leadership, together with the acumen and
dedication of CEO Kanat Mynzhanov, has successfully navigated Oxus
Acquisition through the complexities of the SPAC formation and
listing, setting the stage for its upcoming partnership with
Borealis Foods, to go public before 4Q 2023.
Safe Harbor Statements:
Except for the historical information contained herein, certain
of the matters discussed in this communication constitute
"forward-looking statements" within the meaning of the Securities
Litigation Reform Act of 1995. Words such as "may," "might,"
"will," "should," "could," "anticipate," "estimate," "expect,"
"predict," "project," "future," "potential," "intend," "seek to,"
"plan," "assume," "believe," "target," "forecast," "goal,"
"objective," "continue" or the negative of such terms or other
variations thereof and words and terms of similar substance used in
connection with any discussion of future plans, actions, or events
identify forward-looking statements. These forward-looking
statements include, but are not limited to, statements regarding
benefits of the proposed license, expected synergies, anticipated
future financial and operating performance and results, including
estimates of growth. There are a number of risks and uncertainties
that could cause actual results to differ materially from the
forward-looking statements included in this communication. For
example, the expected timing and likelihood of completion of the
pending transaction, including the timing, receipt and terms and
conditions of any required governmental and regulatory approvals of
the pending transaction that could reduce anticipated benefits or
cause the parties to abandon the transaction, the ability to
successfully integrate the businesses, the occurrence of any event,
change or other circumstance that could give rise to the
termination of the negotiations, the risk that the parties may not
be able to satisfy the conditions to the proposed transaction in a
timely manner or at all, risks related to disruption of management
time from ongoing business operations due to the proposed
transaction, the risk that any announcements relating to the
proposed transaction could have adverse effects on the market price
of common stock of related companies. All such factors are
difficult to predict and are beyond our control. We disclaim and do
not undertake any obligation to update or revise any
forward-looking statement in this report, except as required by
applicable law or regulations.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7bd5ce93-d860-4d1d-bc57-380a2f7cf7ff
Pedrosa IR
ir@pedrosa.uk
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