secwatch.observer — SEC 8-K summary
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Issuer:     Onyx Acquisition Co. I (—)
CIK:        0001849548
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001213900-23-084522
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onyx Acquisition Co. I increases sponsor promissory note to $1.47M
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- Amended and restated promissory note with sponsor for up to $1,470,000, replacing $720,000 prior note.
- Note bears no interest, matures at business combination, and is payable only from funds outside trust account.
- Sponsor waives any claim against trust account; note is subordinated to trust assets.
- Proceeds intended to fund working capital for the SPAC's business combination search.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849548/000121390023084522/0001213900-23-084522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849548/000121390023084522/ea187693-8k_onyxacq1.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-084522

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer