Welcome to our dedicated page for Onyx Acquisition news (Ticker: ONYX), a resource for investors and traders seeking the latest updates and insights on Onyx Acquisition stock.
Onyx Acquisition (ONYX) specializes in strategic mergers and acquisitions, offering investors a focused approach to corporate growth through disciplined transaction execution. This news hub provides timely updates on the company's deal flow, regulatory milestones, and market positioning.
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Onyx Acquisition Co. I (ONYX) has announced it will redeem all outstanding Class A ordinary shares as it failed to complete an initial business combination by the November 5, 2024 deadline. The company will cease operations and begin winding up procedures. Shareholders will receive approximately $11.42 per share from the trust account, which holds about $15.3 million. The redemption will be effective November 13, 2024, after which the company's warrants will expire worthless. The company plans to delist from Nasdaq Capital Market and terminate its securities registration.
On January 18, 2023, Onyx Acquisition Co. I (Nasdaq: ONYXU, ONYX, ONYXW) announced advanced discussions with Helios Investment Partners for a potential business combination to form Helios Energy Transition Infrastructure (HETI). Valued at approximately $1 billion, HETI aims to develop natural gas and low-carbon energy infrastructure in Africa, catering to over 200 industrial clients. The merger completion is targeted for the second half of 2023, contingent on due diligence and shareholder approvals. An extension proposal to delay initial business combination deadlines is set for discussion on January 26, 2023, involving contributions of up to $720,000 to support the transaction.
Onyx Acquisition Co. I (Nasdaq: ONYXU, ONYX, ONYXW) has postponed its extraordinary general meeting to January 26, 2023, to consider extending the deadline for an initial business combination from February 5, 2023, to August 7, 2023. The sponsor will contribute $400,000 to the trust account, contingent on the approval of the extension proposal. Shareholders can still vote and change redemption requests until January 24, 2023. The record date for voting remains November 23, 2022.
On December 9, 2021, Onyx Acquisition Co. I (NASDAQ: ONYXU) announced that starting December 10, 2021, holders of units from its initial public offering can trade their Class A ordinary shares and warrants separately. The shares will trade under the symbol 'ONYX', while warrants will trade as 'ONYXW'. Units that are not separated will continue to trade under 'ONYXU'. The offering was managed by BTIG, LLC and I-Bankers Securities, Inc. The press release includes forward-looking statements regarding the anticipated separation of units, which are subject to various conditions.
Onyx Acquisition Co. I announced the pricing of its upsized initial public offering (IPO) of 23 million units at $10.00 each, set to trade under the ticker symbol ONYXU on Nasdaq starting November 3, 2021. Each unit includes one Class A ordinary share and one-half of a redeemable warrant. The company focuses on general industrials and construction technology sectors. The IPO is expected to close on November 5, 2021, with an option for underwriters to purchase an additional 3.45 million units. The registration statement became effective on November 2, 2021.
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