Announcement • Oct 26
Onyx Acquisition Co. I Announces Redemption of its Public Shares and Intends to File Form 25 with the SEC in Order to Delist its Securities from the Nasdaq Capital Market Onyx Acquisition Co. I (the ‘Company’) announced that it will redeem all of its outstanding Class A ordinary shares included as part of the units issued in its initial public offering (the ‘Public Shares’), effective as of the close of business on November 13, 2024, because the Company will not consummate an initial business combination within the time period required by its amended and restated memorandum and articles of association (the ‘Articles’). Accordingly, the Company will not be seeking a further extension as contemplated by the preliminary proxy statement filed with the Securities and Exchange Commission (the ‘Commission’) on October 11, 2024. As stated in the Company’s Articles, if the Company is unable to complete an initial business combination by November 5, 2024. As of the close of business on November 13, 2024, the Public Shares will be deemed cancelled and will represent only the right to receive the Redemption Amount. Because the Company will not consummate an initial business combination within the periods required under its Articles and Nasdaq Listing Rule IM 5101-2, the Company intends to file a Form 25 with the Commission on November 4, 2024 in order to delist the Company’s securities from the Nasdaq Capital Market. The Company thereafter expects to file a Form 15 with the Commission to terminate the registration of the Company’s securities under the Securities Exchange Act of 1934, as amended. Announcement • May 17
Onyx Acquisition Co. I announced delayed 10-Q filing On 05/15/2024, Onyx Acquisition Co. I announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 28
The Nasdaq Stock Market LLC Approves Onyx Acquisition Co. I's Application to Transfer the Listing of its Class A Ordinary Shares from the Nasdaq Global Market to the Nasdaq Capital Market On April 26, 2024, Onyx Acquisition Co. I (the ‘Company’) received written notice from the Listing Qualifications Department (the ‘Staff’) of The Nasdaq Stock Market LLC (‘Nasdaq’) stating that the Staff had approved the Company’s application to transfer the listing of its Class A ordinary shares, warrants, and units (the ‘Company’s Securities’) from the Nasdaq Global Market to the Nasdaq Capital Market. The Company’s Securities will be transferred to the Nasdaq Capital Market at the open of business on April 29, 2024. The Class A ordinary shares, warrants, and units will continue to trade under the symbols ‘ONYX,’ ‘ONYXW,’ and ‘ONYXU,’ respectively, and trading of the Company’s Securities will be unaffected by the transfer. The Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Market. As previously disclosed, on April 5, 2024, the Company received written notices from the Staff stating that the Company did not meet (a) the $15,000,000 minimum market value of publicly held shares required to maintain continued listing on the Nasdaq Global Market as set forth in Nasdaq’s Listing Rule 5450(b)(2)(C) for the 30-business day period ended April 3, 2024, and (b) the minimum 1,100,000 publicly held shares required to maintain continued listing as set forth in Nasdaq’s Listing Rule 5450(b)(2)(B). Upon the transfer of the listing of the Company’s Securities to the Nasdaq Capital Market, these Nasdaq Global Market deficiencies will be resolved because the Company meets the continued listing standards for the Nasdaq Capital Market as of the date hereof.