Onyx Acquisition Co. I
ONYXU
NASDAQ Global Market11.31
USD
-0.03
- -
CIK
0001849548
ISIN
KYG6755Q1257
Return %
Stock
S&P500
1Y
2.82
26.53
3Y
11.98
76.60
5Y
12.31
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Michael Zev Stern
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 104 5th Avenue New York City NY United States of America 10011
- IPO Date
- Nov 3, 2021
- CIK
- 0001849548
- Website
- onyxacqu.com
- Similar Companies
- Business
- Onyx Acquisition Co. I Onyx Acquisition Co. I is a blank check company, or special purpose acquisition company (SPAC), with no significant current operations other than seeking to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company targets opportunities primarily in the general industrials sector, including aerospace and defense, air freight and logistics, airlines, building products, commercial services and supplies, construction and engineering, electrical equipment, industrial conglomerates, machinery, marine, professional services, road and rail, distributors, and transportation infrastructure; as well as the construction technology sector. Incorporated in 2021 and headquartered in New York, New York, Onyx Acquisition Co. I completed an upsized $230 million initial public offering of units (NYSE: ONYXU) in November 2021. In recent developments, the company entered advanced discussions in January 2023 with Helios Investment Partners to form Helios Energy Transition Infrastructure (HETI), a publicly listed platform valued at approximately $1 billion enterprise value and focused on developing natural gas and low-carbon energy infrastructure businesses and assets in Africa to serve over 200 industrial clients; however, the proposed transaction did not materialize despite multiple deadline extensions sought from shareholders, including proposals to extend the initial business combination deadline through November 5, 2024. Unable to complete a business combination by the November 5, 2024 deadline, Onyx Acquisition Co. I announced the redemption of all outstanding Class A ordinary shares at approximately $11.42 per share from its trust account holding about $15.3 million, effective November 13, 2024, after which warrants expired worthless, operations ceased, winding-up procedures commenced, Nasdaq Capital Market delisting occurred, and its Exchange Act registration was revoked. The company previously pursued extensions with sponsor contributions up to $720,000 to support potential deals, but no binding agreements or completed combinations were achieved.
VR Advisory Services Ltd's Recent Transaction in Onyx Acquisition Co I