Oxus Acquisition Corp. announced that it has entered into a material definitive agreement for the private placement of promissory note for gross proceeds of $1,500,000 on September 8, 2022. The transaction will include participation from existing investor, Oxus Capital Pte.

Ltd. The promissory note is non-interest bearing and due on the date on which the company consummates its initial business combination. The issuance of the promissory note was unanimously approved by the Company's board of directors, including all the members of the audit committee, on September 6, 2022.