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Onyx Acquisition Co. I - ONYX

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    ONYX Vol: 0.0

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    ONYXW Vol: 1.2K

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SPAC Stats

Market Cap: 264.2M
Average Volume: 24.8K
52W Range: $9.81 - $10.50
Weekly %: -0.10%
Monthly %: -0.30%
Inst Owners: 49


Target: Searching
Days Since IPO: 200
Unit composition:
Each unit has an offering price of $10.00 and consists of one Class A ordinary share and one-half of one redeemable warrant
Trust Size: 20000000.0M

🕵Stocktwit Mentions

Last10K posted at 2022-05-17T12:47:24Z

$ONYX just filed a 10-Q Quarterly Report with 42 sections and 4 exhibits. Access them all or just read their earnings:

Quantisnow posted at 2022-05-17T10:10:13Z

$ONYX 📜 SEC Form 10-Q filed by Onyx Acquisition Co. I This insight appeared 45 seconds early at ⚡ ⚡

Newsfilter posted at 2022-05-17T10:09:25Z

$ONYX Form 10-Q (quarterly report [sections 13 or 15(d)]) filed with the SEC

Newsfilter posted at 2022-05-17T10:01:49Z

$ONYX Form NT 10-Q (notification of inability to timely file form 10-q or 10-qsb) filed with the SEC


Our officers, directors and director nominees are as follows: Name Age Position Michael Stern 42 Director, Chairman and Chief Executive Officer Benjamin Lerner 38 President Matthew Vodola 40 Chief Financial Officer Serena Rakhlin 39 General Counsel Ana Kertesz 46 Director Nominee Michael Lehmann 52 Director Nominee Edmar Prado Lopes Neto 57 Director Nominee Michael Stern, Director, Chairman and Chief Executive Officer: Michael Stern, our Director, Chairman and Chief Executive Officer, is the Founder and CEO of JDS Development Group, a real estate development and acquisition firm based in New York City. Mr. Stern founded the firm in 2002 and has led the company to become one of the most active development firms in the United States through its high-quality, designed projects. Mr. Stern has overseen the development of over 15 million square feet of property in New York and Miami with an aggregate value of over $10 billion. His experience includes real estate acquisition, real estate-related financing, design, restoration, construction (including running one of the largest construction management firms in New York City), complex conversions, as well as sales, leasing, and marketing. Benjamin Lerner, President: Benjamin Lerner, our President, has nearly 16 years of experience in the financial services industry, with a specialization in investments in special situation equities, corporate bonds, distressed debt and emerging markets. Prior to joining Onyx Acquisition Co. I, Mr. Lerner was an analyst at Citadel, a multi-strategy hedge fund from October 2018 to June 2021, where his responsibilities included due diligence, structuring, origination analyzing and investing in opportunities across the capital structure globally in a range of industries, including real estate, building products, transportation, airlines, and metals and mining. Prior to Citadel, Mr. Lerner held roles at Contrarian Capital Management, a hedge fund based in Greenwich, Connecticut from 2013 to 2018 as an assistant portfolio manager, as an analyst at Third Avenue Management, an asset management firm in New York from 2010 to 2013 and various roles with Morgan Stanley from 2005 to 2010. Mr. Lerner’s 16 years of financial services experience includes multiple billions of transaction value across a broad range of security types including public equities, private equities, high yield bonds, leveraged loans and debtor-in-possession financings. Mr. Lerner graduated from Syracuse University with a bachelor’s degree in Finance and Marketing. Matthew Vodola, Chief Financial Officer: Matthew Vodola, our Chief Financial Officer, has over 17 years of experience in the financial services industry, with a specialization in investments in high yield and distressed debt and emerging markets. Prior to joining Onyx Acquisition Co. I, Mr. Vodola was an analyst at Citadel, a multi-strategy hedge fund, from November 2018 until March 2021, where his responsibilities included due diligence, analyzing and investing in opportunities across the capital structure in multiple countries. Prior to joining Citadel in 2018, he was an Analyst at Brigade Capital, a credit investment manager focused on companies with leveraged balance sheets, based in New York, for nine years, focusing on investments in emerging market and U.S. companies in retail, restaurants, consumer package goods, and food and beverage, among others. Additionally, Mr. Vodola worked in capital markets roles at Deutsche Bank and Goldman Sachs, among other financial institutions. Throughout his career, Mr. Vodola has invested in corporate and sovereign debt many different countries, across a number of industries, and parts of the capital structure. Mr. Vodola holds an M.A. in International Political Economy and Development from Fordham University and received a B.A. in Political Science & History, magna cum laude, from Drew University. Mr. Vodola also holds certifications in debt sustainability and financial programming from the International Monetary Fund. Serena Rakhlin, General Counsel: Serena Rakhlin, our General Counsel, has nearly 15 years of business and legal experience across various sectors. For the past six years, Ms. Rakhlin has served as Managing Director and General Counsel for JDS Development Group. At JDS, Ms. Rakhlin oversees multiple corporate and legal functions within the organization and is responsible for due diligence, structuring, financing complex acquisitions and providing strategic advice related to billions of dollars of real estate development. Prior to joining JDS, she was responsible for the strategic growth of an international luxury brand by expanding the global footprint, including multiple emerging markets, through licensed deals, management agreements and strategic partnerships. Ms. Rakhlin 122 Table of Contents also previously worked as an attorney at the New York City office of Skadden, Arps, Slate, Meagher and Flom LLP, where she represented lenders, investors and private equity firms in connection with complex fund-raising, acquisition and development transactions, and also advised on a number of prominent mergers and acquisitions. Ms. Rakhlin began her career as a consultant at PKF Consulting (today part of CBRE Group) where she provided underwriting, valuation and feasibility services for lenders and investors. Ms. Rakhlin earned her B.S. from Cornell University and her J.D. from Duke University School of Law, and is admitted to practice law in the State of New York. Ana Kertesz has agreed to serve as a member of our board of directors. Ana Kertesz is the Chief Growth Officer of Amyris, Inc. (NASDAQ: AMRS), a leading synthetic biotechnology company in clean health and beauty leveraging digital innovation, machine learning and data science for its consumer brands and a top supplier of sustainable and natural ingredients, Ms. Kertesz joined Amyris in October 2021 and leads the execution of strategic executive processes, corporate strategy, M&A, portfolio management and is responsible for the operational management of the content and creative hub in New York. Prior to joining Amyris, Ana founded the entrepreneurship focused digital platform, HOWto.LIVEit, and from July 2016 to September 2018, Ms. Kertesz was an independent entrepreneur and investor. She served as the Executive Director of Península Participações, an investment management company, from October 2013 to June 2016. From 2012 to 2016, Ms. Kertesz served as a board member of Instituto Verdescola, a not for profit focused on after school activities for children and skill development for young people and families in the north of Sao Paulo, Brazil. From August 1997 to May 2012, Ms. Kertesz served as a Vice President of Goldman Sachs, working on investment banking transactions focused on Latin American corporate clients, including mergers & acquisitions, equity and debt capital markets, corporate restructuring and commodities derivatives sales & structuring. Ms. Kertesz holds a bachelor’s degree in Business Administration and Management from Fundação Getulio Vargas and an MBA from Harvard Business School. Michael Lehmann has agreed to serve as a member of our board of directors. Michael Lehmann is the President of Aimia Inc., a holding company with a focus on long-term investments in public and private companies. He serves as a member of Aimia’s investment committee and a member of the Board of Directors. Mr. Lehmann also serves on the boards of several of the Aimia’s portfolio companies including PLM, Mittleman Investment Management, and Kognitiv. Mr. Lehmann has been involved in the investment business for more than twenty five years, most recently as the Founder and Managing Member of LARC Capital Holdings LLC, a privately held partnership and owner of a diverse investment portfolio of businesses. Prior to launching LARC Capital in 2016, Mr. Lehmann was a Partner and Portfolio Manager at Third Avenue Management, LLC for 18 years, a highly respected SEC-registered Investment Advisor. Mr. Lehmann’s responsibilities grew to include Co-Manager of the Third Avenue Value Fund (TAVFX) — Third Avenue’s flagship investment product, Lead Manager of Third Avenue Separate Account business, Portfolio Manager of the Global Value Equity product, Co-Lead PM of Third Avenue Balanced Fund and Lead Manager of Third Avenue Variable Series Fund, where the Fund was awarded the Lipper award for best 5-year track record and SOLIS Partners, where he was a Member of the Investment Committee. Earlier in his career, Mr. Lehmann was a Vice President of Gabelli Funds, Inc, an Investment Advisor to the Gabelli Mutual Funds and an Associate Portfolio Manager of private investment portfolios with Mario J. Gabelli. Mr. Lehmann has a Bachelor of Science degree with a primary concentration in Finance and a secondary concentration in Marketing from Fordham University. Edmar Prado Lopes Neto has agreed to serve as a member of our board of directors. Mr. Neto is the Chief Financial Officer and Chief Investor Relations Officer at Movida Participações, S.A, and has served in these roles since October 2016. He has over 35 years of experience in the financial sector. From April 2020 until June 2021, Mr. Neto served as member of the Independent Related Parties Committee of Smiles SA, also being an alternate member of the Board of Directors. From 2016 until 2019, Mr. Neto acted as the Chairman of the Board of Directors of the Brazilian Institute of Investor Relations. From 2012 to 2016, he served as the Vice President of Finance and Investor Relations at Gol Linhas Aéreas Inteligentes S.A., which he joined in 2011. From December 2005 to April 2011, he served as the Head of Treasury at NET Oficial. Since 1998, he has worked at Organizações Globo and served as the Manager of Planning at Fundação Roberto Marinho. He also held financial positions in NGOs in Brazil. Mr. Neto holds a bachelor’s degree in civil engineering from the Universidade Federal do Rio de Janeiro. Number and Terms of Office of Officers and Directors We will have four directors upon completion of this offering. Our board of directors will be divided into three classes, with only one class of directors being appointed in each year, and with each class (except for those directors appointed prior to our first annual general meeting) serving a three-year term. In accordance with the Nasdaq 123 Table of Contents corporate governance requirements, we are not required to hold an annual general meeting until one year after our first fiscal year end following our listing on the Nasdaq. The term of office of the first class of directors, consisting of Mr. Lehmann, will expire at our first annual general meeting. The term of office of the second class of directors, consisting of Ms. Kertesz and Mr. Neto, will expire at our second annual general meeting. The term of office of the third class of directors, consisting of Mr. Stern, will expire at our third annual general meeting. Prior to the completion of an initial business combination, any vacancy on the board of directors may be filled by a nominee chosen by holders of a majority of our founder shares. In addition, prior to the completion of an initial business combination, holders of our founder shares may by ordinary resolution remove a member of the board of directors for any reason. Incumbent directors will also have the ability to appoint additional directors or to appoint replacement directors in the event of a casual vacancy. Pursuant to an agreement to be entered into on or prior to the closing of this offering, our sponsor, upon and following consummation of an initial business combination, will be entitled to nominate three individuals for appointment to our board of directors, as long as the sponsor holds any securities covered by the registration and shareholder rights agreement. Our officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to appoint officers in accordance with our amended and restated memorandum and articles of association as it deems appropriate. Our amended and restated memorandum and articles of association will provide that our officers may consist of one or more chairman of the board, chief executive officer, president, chief financial officer, vice presidents, secretary, treasurer and such other offices as may be determined by the board of directors. Proceedings On June 1, 2021, JDS Fourth Avenue LLC (“JDS Fourth”), a single purpose entity controlled by Mr. Stern, filed a petition under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Petition”) as a result of litigation commenced against the entity and other defendants, including Mr. Stern. The Bankruptcy Petition and the underlying litigation were dismissed shortly after the filing. Director Independence The Nasdaq listing standards require that a majority of our board of directors be independent. Our board of directors has determined that Ana Kertesz, Michael Lehmann and Edmar Prado Lopes Neto are “independent directors” as defined in the Nasdaq listing standards. Our independent directors will have regularly scheduled meetings at which only independent directors are present. Officer and Director Compensation None of our executive officers or directors have received any cash compensation for services rendered to us. Commencing on the date that our securities are first listed on the Nasdaq and through the earlier of the consummation of our initial business combination and our liquidation, an affiliate of our sponsor has agreed to provide members of our management team with office space, secretarial and administrative services at no cost. In addition, our sponsor, executive officers and directors, or their respective affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will review on a quarterly basis all payments that were made by us to our sponsor, executive officers or directors, or their affiliates. Any such payments prior to an initial business combination will be made using funds held outside the trust account. Other than quarterly audit committee review of such reimbursements, we do not expect to have any additional controls in place governing our reimbursement payments to our directors and executive officers for their out-of-pocket expenses incurred in connection with our activities on our behalf in connection with identifying and consummating an initial business combination. Other than these payments and reimbursements, no compensation of any kind, including finder’s and consulting fees, will be paid by the company to our sponsor, executive officers and 124 Table of Contents directors, or their respective affiliates, prior to completion of our initial business combination. In October 2021, our sponsor transferred 30,000 Class B ordinary shares to each of our independent directors. These 900,000 shares shall not be subject to forfeiture in the event the underwriters’ overallotment option is not exercised. After the completion of our initial business combination, directors or members of our management team who remain with us may be paid consulting or management fees from the combined company. All of these fees will be fully disclosed to shareholders, to the extent then known, in the proxy solicitation materials or tender offer materials furnished to our shareholders in connection with a proposed business combination. We have not established any limit on the amount of such fees that may be paid by the combined company to our directors or members of management. It is unlikely the amount of such compensation will be known at the time of the proposed business combination, because the directors of the post-combination business will be responsible for determining executive officer and director compensation. Any compensation to be paid to our executive officers will be determined, or recommended to the board of directors for determination, either by a compensation committee constituted solely by independent directors or by a majority of the independent directors on our board of directors. We do not intend to take any action to ensure that members of our management team maintain their positions with us after the consummation of our initial business combination, although it is possible that some or all of our executive officers and directors may negotiate employment or consulting arrangements to remain with us after our initial business combination. The existence or terms of any such employment or consulting arrangements to retain their positions with us may influence our management’s motivation in identifying or selecting a target business but we do not believe that the ability of our management to remain with us after the consummation of our initial business combination will be a determining factor in our decision to proceed with any potential business combination. We are not party to any agreements with our officers and directors that provide for benefits upon termination of employment. Committees of the Board of Directors Upon the effectiveness of the registration statement of which this prospectus forms a part, our board of directors will have three standing committees: an audit committee, a nominating committee and a compensation committee. Subject to phase-in rules and a limited exception, the rules of the Nasdaq and Rule 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised solely of independent directors. We intend to rely on the phase-in rules with respect to the independence of the members of our Audit Committee. Subject to phase-in rules and a limited exception, the rules of the Nasdaq require that the compensation committee and the nominating committee of a listed company be comprised solely of independent directors, or, if there is no nominating committee, that director nominations be made, or recommended to the full board, by our independent directors. Each committee will operate under a charter that will be approved by our board of directors and will have the composition and responsibilities described below. The charter of each committee will be available on our website following the closing of this offering. Audit Committee Upon the effectiveness of the registration statement of which this prospectus forms a part, we will establish an audit committee of the board of directors. Messrs. Lehmann, Neto and Stern will serve as members of our audit committee. Under the Nasdaq listing standards and applicable SEC rules, we are required to have at least three members of the audit committee, all of whom must be independent, subject to the exception described below. Our board of directors has determined that each of Messrs. Lehmann and Neto are independent under the Nasdaq listing standards and applicable SEC rules. We intend to identify one additional independent director to serve on the audit committee in place of Mr. Stern and to have a fully independent audit committee within one year of listing, in accordance with Nasdaq’s phase-in rules for newly listed companies. Mr. Neto will serve as the chairman of the audit committee. Each member of the audit committee is financially literate and our board of directors has determined that Mr. Neto qualifies as an “audit committee financial expert” as defined in applicable SEC rules. 125 Table of Contents We will adopt an audit committee charter, which will detail the principal functions of the audit committee, including: • meeting with our independent regist

Holder Stats

1 0
% of Shares Held by All Insider 0.00%
% of Shares Held by Institutions 66.68%
% of Float Held by Institutions 66.68%
Number of Institutions Holding Shares 49

Mutual Fund Holders

Holder Shares Date Reported Value % Out
Saba Capital Income & Opportunities Fd 137450 2022-01-30 1358006 0.52
Price (T.Rowe) Multi Strategy Total Return Fund 49600 2022-01-30 490048 0.19
CrossingBridge Pre-Merger SPAC ETF 12550 2022-03-30 125249 0.05
Fidelity NASDAQ Composite Index Fund 6021 2022-02-27 59788 0.02

Institutional Holders

Reporting Date Hedge Fund Shares Held Market Value % of Portfolio Quarterly Change in Shares Ownership in Company
2022-05-17 Glazer Capital LLC 35,710 $360,000 0.0% 0 0.540%
2022-05-17 Polar Asset Management Partners Inc. 600,000 $5,990,000 0.1% 0 9.077%
2022-05-17 Saba Capital Management L.P. 2,314,803 $23,100,000 0.3% +14.7% 35.020%
2022-05-16 Rivernorth Capital Management LLC 27,412 $270,000 0.0% 0 0.415%
2022-05-16 Aristeia Capital LLC 450,000 $4,490,000 0.1% 0 6.805%
2022-05-16 State Street Corp 20,285 $200,000 0.0% 0 0.307%
2022-05-13 Verition Fund Management LLC 200,000 $2,000,000 0.0% 0 3.024%
2022-05-13 Starboard Value LP 672,800 $6,720,000 0.1% -12.6% 10.174%
2022-05-13 Basso Capital Management L.P. 32,142 $320,000 0.0% +452.6% 0.486%
2022-05-13 Spring Creek Capital LLC 450,000 $4,490,000 0.2% 0 6.808%
2022-05-13 Cohanzick Management LLC 82,550 $820,000 0.2% 0 1.249%
2022-05-12 Commonwealth of Pennsylvania Public School Empls Retrmt SYS 50,000 $500,000 0.0% 0 0.756%
2022-05-12 Omni Event Management Ltd 572,856 $5,720,000 0.3% 0 8.663%
2022-05-12 Bank of Montreal Can 50,000 $500,000 0.0% 0 0.756%
2022-05-12 Citigroup Inc. 189,473 $1,890,000 0.0% 0 2.865%
2022-05-11 Picton Mahoney Asset Management 105,000 $1,050,000 0.0% 0 1.588%
2022-05-11 Landscape Capital Management L.L.C. 28,487 $280,000 0.0% 0 0.431%
2022-05-11 Highbridge Capital Management LLC 978,362 $9,760,000 0.2% -10.1% 14.795%
2022-05-11 JPMorgan Chase & Co. 683,100 $6,820,000 0.0% 0 10.330%
2022-05-10 Karpus Management Inc. 36,575 $370,000 0.0% +120.7% 0.553%
2022-05-09 Toronto Dominion Bank 100,000 $1,000,000 0.0% 0 1.512%
2022-05-09 RiverPark Advisors LLC 70,000 $700,000 0.1% 0 1.059%
2022-05-04 Wolverine Asset Management LLC 199,502 $1,990,000 0.0% -1.7% 3.018%
2022-03-15 Beryl Capital Management LLC 999,998 $9,910,000 0.5% 0 15.122%
2022-02-16 Oaktree Capital Management LP 300,000 $2,970,000 0.0% 0 4.537%
2022-02-15 Saba Capital Management L.P. 2,018,982 $20,010,000 0.3% 0 30.531%
2022-02-15 Starboard Value LP 769,600 $7,630,000 0.1% 0 11.638%
2022-02-15 Karpus Management Inc. 16,575 $160,000 0.0% 0 0.251%
2022-02-15 Kepos Capital LP 425,000 $4,210,000 0.4% 0 6.427%
2022-02-15 Marshall Wace LLP 555,590 $5,510,000 0.0% 0 8.401%
2022-02-15 Millennium Management LLC 250,000 $2,480,000 0.0% 0 3.780%
2022-02-15 Cubist Systematic Strategies LLC 41,859 $420,000 0.0% 0 0.633%
2022-02-15 Davidson Kempner Capital Management LP 600,000 $5,930,000 0.1% 0 9.073%
2022-02-14 D. E. Shaw & Co. Inc. 1,057,611 $10,480,000 0.0% 0 15.993%
2022-02-14 Citadel Advisors LLC 320,000 $3,170,000 0.0% 0 4.839%
2022-02-14 Union Square Park Capital Management LLC 35,000 $350,000 0.1% 0 0.529%
2022-02-14 Eisler Capital UK Ltd. 82,276 $820,000 0.0% 0 1.244%
2022-02-14 Radcliffe Capital Management L.P. 300,000 $2,970,000 0.1% 0 4.537%
2022-02-14 Taconic Capital Advisors LP 299,900 $2,970,000 0.1% 0 4.535%
2022-02-14 Fifth Lane Capital LP 35,000 $350,000 0.2% 0 0.529%
2022-02-09 MMCAP International Inc. SPC 500,000 $4,960,000 0.3% 0 7.561%
2022-02-09 Wolverine Asset Management LLC 203,000 $2,009,999 0.0% 0 3.070%
2022-02-08 Bank of America Corp DE 100,000 $990,000 0.0% 0 1.512%