UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State
or other jurisdiction of incorporation or organization) |
(Commission File Number) | (I.R.S.
Employer Identification No.) |
(Address of principal executive offices) | (Zip Code) |
Registrant’s
telephone number, including area code: (
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Securities Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
The Stock Market LLC | ||||
The Stock Market LLC | ||||
The Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 40 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging
growth company
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
EXPLANATORY NOTE
This Amendment does not amend any other item of the Prior Form 8-K or purport to provide an update or a discussion of any developments at the Company subsequent to the filing date of the Prior Form 8-K.
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Item 8.01. Other Events.
The following is provided to correct the disclosure included under the heading “Redemptions” in Item 8.01 of the Prior Form 8-K.
In connection with the Meeting, holders of 2,198,202 Class A ordinary shares exercised their right to redeem their shares for cash at a redemption price of approximately $10.83 per share, for an aggregate redemption amount of approximately $23.8 million. As a result, approximately $23,802,065 will be removed from the Trust Account to pay such holders and 2,011,826 Class A ordinary shares and 6,612,500 converted founder shares remain outstanding for a total of 8,624,326 shares outstanding.
Forward-Looking Statements
This Amendment includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as “believes,” “expects,” “intends,” “plans,” “estimates,” “assumes,” “may,” “should,” “will,” “seeks,” or other similar expressions. Such statements may include, but are not limited to, statements regarding the amount to be withdrawn from the Trust Account in connection with redemptions. These statements are based on current expectations on the date of this Amendment and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 27, 2023 | ONYX ACQUISITION CO. I | |
By: | /s/ Michael Stern | |
Name: | Michael Stern | |
Title: | Director,
Chairman and Chief Executive Officer |
3
Cover |
Jul. 21, 2023 |
---|---|
Document Type | 8-K/A |
Amendment Flag | true |
Amendment Description | This amendment (this “Amendment”) amends the Current Report on Form 8-K of Onyx Acquisition Co. I (the “Company”) filed with the U.S. Securities and Exchange Commission on July 24, 2023 (the “Prior Form 8-K”) in which the Company reported the results of the extraordinary general meeting of shareholders of the Company held on July 21, 2023 (the “Meeting”). This Amendment amends Item 8.01 of the Prior Form 8-K by updating the previous estimate of cash that will be withdrawn from the Company’s trust account (the “Trust Account”) and the per share redemption price that will be paid to shareholders who exercised their right to redeem their shares. Only the items being amended are included in this Amendment. |
Document Period End Date | Jul. 21, 2023 |
Entity File Number | 001-41003 |
Entity Registrant Name | ONYX ACQUISITION CO. I |
Entity Central Index Key | 0001849548 |
Entity Tax Identification Number | 98-1584432 |
Entity Incorporation, State or Country Code | E9 |
Entity Address, Address Line One | 104 5th Avenue |
Entity Address, City or Town | New York |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 10011 |
City Area Code | 212 |
Local Phone Number | 974-2844 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | true |
Elected Not To Use the Extended Transition Period | false |
Units, each consisting of one Class A Ordinary Share, $0.0001 par value, and one-half of one redeemable warrant | |
Title of 12(b) Security | Units, each consisting of one Class A Ordinary Share, $0.0001 par value, and one-half of one redeemable warrant |
Trading Symbol | ONYXU |
Security Exchange Name | NASDAQ |
Class A Ordinary Shares included as part of the units | |
Title of 12(b) Security | Class A Ordinary Shares included as part of the units |
Trading Symbol | ONYX |
Security Exchange Name | NASDAQ |
Redeemable warrants included as part of the units, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 | |
Title of 12(b) Security | Redeemable warrants included as part of the units, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 |
Trading Symbol | ONYXW |
Security Exchange Name | NASDAQ |
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