Item 1.01 Entry into a Material Definitive Agreement.

The information discussed under Item 2.03 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On September 8, 2022, Oxus Acquisition Corp. (the "Company") entered into Promissory Note with the Company's sponsor, Oxus Capital PTE. LTD, pursuant to which the Company may borrow up to an aggregate principal amount of $1,500,000. The Promissory Note is non-interest bearing and due on the date on which the Company consummates its initial business combination. If the Company completes a business combination, the Company would repay any loaned amounts, without interest, upon consummation of the business combination. In the event that a business combination does not close, the Company may use a portion of the working capital held outside the trust account to repay any loaned amounts but no proceeds from the Company's trust account would be used for such repayment. 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. As of September 13, 2022, there was no amount outstanding under the Promissory Note.

The foregoing description of the Promissory Note is qualified in its entirety by reference to the full text of the Promissory Note, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.





Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements that are based on the Company's current expectations, plans, estimates, assumptions, and beliefs that involve numerous risks and uncertainties, as well as those risks set forth in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2021, as amended or supplemented by the Company's other filings with the Securities and Exchange Commission. Although these forward-looking statements reflect management's belief as to future events, actual events or the Company's investments and actual results of operations could differ materially from those expressed or implied in these forward-looking statements. To the extent that the Company's assumptions differ from actual results, the Company's ability to meet such forward-looking statements may be significantly hindered. You are cautioned not to place undue reliance on any forward-looking statements

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits.



          Description

10.1        Promissory Note Dated September 8, 2022

104.1     Cover Page Interactive Data File (embedded within the Inline XBRL document)




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