Onyx Acquisition Co. I shareholders approve extension to Feb 2024; $23.9M redeemed

Onyx Acquisition Co. I

Shareholders approved amended articles extending business combination deadline from Aug 7, 2023 to Feb 7, 2024.
Vote result: 9,286,520 For, 3 Against, 6 Abstain at July 21 extraordinary general meeting.
2,198,202 Class A ordinary shares redeemed at ~$10.85 per share, removing ~$23.9M from trust account.
Post-redemption shares outstanding: 2,011,826 Class A + 6,612,500 founder shares = 8,624,326 total.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Onyx Acquisition Co. I: Extended deadline to consummate business combination from August 7, 2023 to February 7, 2024 (effective 2023-07-21).

Change: charter amendment
Effective: 2023-07-21

Exact text from the filing

On July 21, 2023, Onyx Acquisition Co. I (the “ Company ”) held an extraordinary general meeting of shareholders (the “ Meeting ”) at which the Company’s shareholders approved a proposal to amend the Company’s amended and restated memorandum and articles of association (the “ Articles ”). The proposal would extend the date by which the Company has to consummate a business combination from August 7, 2023 to February 7, 2024

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Onyx Acquisition Co. I shareholders approved Extension Amendment Proposal.

Proposal: charter amendment
Outcome: passed

Exact text from the filing

The shareholders approved the Extension Amendment Proposal. The voting results were as follows: The Extension Amendment Proposal For Against Abstain 9,286,520 3 6

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Source: SEC EDGAR

accession 0001213900-23-058972

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