---
schema_version: "secwatch.filing_event.v1"
accession: "0002008589-24-000012"
form_type: "8-K"
ticker: null
cik: "0001849548"
company_name: "Onyx Acquisition Co. I"
filed_at: "2024-04-10T23:59:59+00:00"
generated_at: "2026-06-04T00:32:38.916092+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Onyx Acquisition Co. I receives Nasdaq non-compliance notices for MVPHS and public float

## Summary
- MVPHS Notice: failed to meet $15M minimum market value of publicly held shares for 30 business days ended Apr 3, 2024.
- Must regain compliance by Oct 2, 2024; market value must close at $15M+ for 10 consecutive business days.
- Public Float Notice: failed to maintain minimum 1,100,000 publicly held shares.
- Must submit compliance plan within 45 days and regain compliance by Oct 2, 2024 or face potential delisting.
- Applied for transfer from Nasdaq Global Market to Nasdaq Capital Market on Apr 8, 2024.

## SEC filing metadata
- accession: 0002008589-24-000012
- form_type: 8-K
- cik: 0001849548
- company_name: Onyx Acquisition Co. I
- filed_at: 2024-04-10T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849548/000200858924000012/0002008589-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849548/000200858924000012/o4112024-8k_onyxacq1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002008589-24-000012
- JSON: https://secwatch.observer/filing/0002008589-24-000012.json
- Plain text: https://secwatch.observer/filing/0002008589-24-000012.txt

## Key facts
- Listing & Compliance Notices
  Onyx Acquisition Co. I received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(C)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: market value
  - Rules: 5450(b)(2)(C)
  source text: April 5, 2024, Onyx Acquisition Co. I (the “Company”) received a written notice (the “MVPHS Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it did not meet the $15,000,000 minimum market value of publicly held shares required to maintain continued listing as set forth in Nasdaq’s Listing Rule 5450(b)(2)(C) (the “MVPHS Rule”) for the 30-business day period ended April 3, 2024. Under applicable Nasdaq rules, the Company will have 180 calendar days from the date of the MVPHS Notice, or until October 2, 2024, to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849548/000200858924000012/0002008589-24-000012-index.htm
- Listing & Compliance Notices
  Onyx Acquisition Co. I received a nasdaq deficiency notice notice regarding other (rules 5450(b)(2)(B)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Rules: 5450(b)(2)(B)
  source text: April 5, 2024, Onyx Acquisition Co. I (the “Company”) received a written notice (the “MVPHS Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it did not meet the $15,000,000 minimum market value of publicly held shares required to maintain continued listing as set forth in Nasdaq’s Listing Rule 5450(b)(2)(C) (the “MVPHS Rule”) for the 30-business day period ended April 3, 2024. Under applicable Nasdaq rules, the Company will have 180 calendar days from the date of the MVPHS Notice, or until October 2, 2024, to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849548/000200858924000012/0002008589-24-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.