Onyx Acquisition Co. I (NASDAQ:ONYX) Shares Acquired by Weiss Asset Management LP

Weiss Asset Management LP lifted its holdings in shares of Onyx Acquisition Co. I (NASDAQ:ONYX – Get Rating) by 46.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 722,442 shares of the company’s stock after acquiring an additional 230,442 shares during the quarter. Weiss Asset Management LP owned about 2.19% of Onyx Acquisition Co. I worth $7,311,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in Onyx Acquisition Co. I in the 3rd quarter worth $174,000. State Street Corp acquired a new position in Onyx Acquisition Co. I in the 1st quarter worth $202,000. Rivernorth Capital Management LLC acquired a new position in Onyx Acquisition Co. I in the 1st quarter worth $274,000. Basso Capital Management L.P. lifted its holdings in Onyx Acquisition Co. I by 452.6% in the 1st quarter. Basso Capital Management L.P. now owns 32,142 shares of the company’s stock worth $321,000 after buying an additional 26,326 shares in the last quarter. Finally, Glazer Capital LLC acquired a new stake in shares of Onyx Acquisition Co. I in the 1st quarter valued at about $356,000. Institutional investors and hedge funds own 72.62% of the company’s stock.

Onyx Acquisition Co. I Stock Performance

Shares of Onyx Acquisition Co. I stock opened at $10.60 on Friday. The firm’s 50-day simple moving average is $10.41 and its 200-day simple moving average is $10.28. Onyx Acquisition Co. I has a 1 year low of $9.93 and a 1 year high of $11.10.

About Onyx Acquisition Co. I

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Onyx Acquisition Co I does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on general industrials sectors, such as aerospace and defense, air freight and logistics, airlines, building products, commercial services and supplies, construction and engineering, electrical equipment, industrial conglomerates, machinery, marine, professional services, road and rail, distributors, and transportation infrastructure, as well as the construction technology sector.