NASDAQ columnist Larry Ramer has selected 4 of the most promising specialized companies for targeted mergers and acquisitions (Special purpose acquisition company, or SPAC for short), which investors should look at in the near future.
It’s first SPAC by Kenges Rakishev, but not the first NASDAQ listing
At the moment, they are not operating, and their main goal and characteristic is to bring selected private companies to the stock exchange through a merger, rather than a traditional IPO. Stock analysts are holding their breath, waiting for the upcoming deals to be announced, as they predict a sharp increase in the shares of these companies.
There are many factors at play that could have a huge impact on stock prices. Kenges Rakishev notes. The biggest factor will likely be the number of potential shareholders who would decide to take on the deal that would make Oxus the largest holder of shares.
Oxus company as the newest Kenges Rakishev initiative
One of the four companies is Oxus Acquisition Corp, whose investor is Kenges Rakishev, an international investor and entrepreneur from Kazakhstan. For the project Kenges Rakishev gathered a team of well-known professionals and investors. Here are some of them: Shiv Vikram Khemka from SUN Group; Sergey Ivashkovsky, who has worked at Eurasia Investment Partners, RUSNANO, INTERROS, crisis management at TRUST Bank; Christophe Charlier, who has 25 years of experience in investment banking in Russia and a number of other investors.
According to materials provided to NASDAQ, it is reported that OXUS is focused on clean energy production enterprises in developing countries. NASS, the US government’s energy provider, will invest $25.3 billion in clean energy technology and its energy infrastructure investments this fiscal year. OXUS’ investments will include an Energy Security Initiative and a Natural Resources Infrastructure Initiative.
Kenges Rakishev plans fit well in global agenda
The total investment of US$200 billion could not be greater if the Energy Security Initiative were to become operational and will not be limited to clean energy technology as it is funded under a set program. This program will help the US produce $75 billion of clean energy infrastructure over the next five years. OXUS will also continue to build clean energy projects in Brazil, India, and Russia. NINA, its clean energy firm will also be invested this fiscal year in clean energy projects in China and South Korea.
The Energy Infrastructure Fund is a new federal policy that was developed as a possible way to enable a more competitive energy market, which has been the focus of several administrations in recent years. At the U.S. federal level, the EIMF program aims to reduce cost of energy services through increased financial access and market competition.
However, as the analyst notes, it is more interesting that Kenges Rakishev is the founder of the Singulariteam fund, one of the first investors of the Israeli manufacturer of ultrafast charging batteries StoreDot. The expert suggests that StoreDot could potentially become the target of Oxus. StoreDot is known for creating a battery for electric vehicles that can be charged in 10 minutes. The battery is made according to the standards of batteries used for Tesla electric cars: 46 mm in diameter and 80 mm in height. They will be produced at the EVE Energy plant in China starting from 2024.
Will Kenges Rakishev OXUS Eliminate a bottleneck in EV charging?
In order for you to charge the lithium-ion battery when you have just hit the vehicle, the electric car owner must ensure the vehicle is in a pre-discharge cycle as it goes for recharging.
Kenges Rakishev considers long charging times a weak point of the current EVs and a significant obstacle to mass adoption. StoreDot offers a hope to change it, and has a viable technical proof of the capabilities of the new batteries.
The battery will be returned to the battery charger in the same cycle. The vehicle will be charged as fast as possible without any short trips between trips. This is why if your charge time for any length of time is slower than expected, you will encounter a short trip back to the vehicle. When using an electric car, all the batteries are turned on and battery usage is controlled independently.
Since most electric vehicles have the capacity to be charged in hours rather than minutes before the vehicle starts and will charge after 0.4 seconds, charging of three batteries at a time will be sufficient to last most situations.
A synergy of Kenges Rakishev’s other venues
It is worth noting that the experts of the world’s most famous high-tech exchange NASDAQ for the first time in 2021 included in their recommendations a company founded by entrepreneurs from Russia and the CIS. Prior to the creation of Oxus Acquisition, Kenges Rakishev was already known as a successful investor in ultrafast charging battery technology, Mullen electric vehicles. Also in Rakishev’s portfolio there are deposits of nickel and cobalt, which are used for the production of batteries. These factors, coupled with the management and financial experience of its partners, allow analysts to count on the success of the new fund.
Source: Talk Finance