Onyx Acquisition Co. I shareholders approve extension to Nov 5, 2024; $7.6M in redemptions

Onyx Acquisition Co. I

Shareholders approved amendment to extend business combination deadline from Feb 7, 2024 to Nov 5, 2024.
Holders of 678,865 shares redeemed at ~$11.13 per share, totaling ~$7.6M removed from trust.
After redemptions, 7,945,461 ordinary shares outstanding (including 6,612,500 founder shares).
Meeting quorum was 94.6% of voting power; 8,139,293 voted for, 15,177 against, 439 abstain.

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: Amended articles to extend business combination deadline from February 7, 2024 to November 5, 2024 (effective 2024-01-29).

Change: charter amendment
Effective: 2024-01-29

Exact text from the filing

On January 29, 2024, 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 February 7, 2024 to November 5, 2024 (the “ Extension Amendment Proposal ”).

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Onyx Acquisition Co. I shareholders approved Extension Amendment Proposal.

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 8,139,293 15,177 439

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Source: SEC EDGAR

accession 0001213900-24-008427

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