Carronade Capital Management, Sells 180,000 Shares of Onyx Acquisition Co. I (NASDAQ:ONYX) Stock

Onyx Acquisition Co. I (NASDAQ:ONYX) major shareholder Carronade Capital Management, sold 180,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $11.10, for a total transaction of $1,998,000.00. Following the transaction, the insider now owns 814,082 shares in the company, valued at approximately $9,036,310.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Onyx Acquisition Co. I Trading Up 0.1 %

Shares of NASDAQ ONYX opened at $11.12 on Friday. Onyx Acquisition Co. I has a 1 year low of $10.56 and a 1 year high of $12.00. The company’s 50-day moving average is $11.13 and its 200 day moving average is $11.03.

Hedge Funds Weigh In On Onyx Acquisition Co. I

Several hedge funds and other institutional investors have recently modified their holdings of ONYX. State Street Corp grew its holdings in Onyx Acquisition Co. I by 28.9% in the third quarter. State Street Corp now owns 21,385 shares of the company’s stock worth $216,000 after purchasing an additional 4,800 shares during the period. Clear Street LLC grew its holdings in Onyx Acquisition Co. I by 1,241.8% in the fourth quarter. Clear Street LLC now owns 10,305 shares of the company’s stock worth $113,000 after purchasing an additional 9,537 shares during the period. Tuttle Capital Management LLC grew its holdings in Onyx Acquisition Co. I by 50.0% in the first quarter. Tuttle Capital Management LLC now owns 30,000 shares of the company’s stock worth $334,000 after purchasing an additional 10,000 shares during the period. Aristeia Capital LLC grew its holdings in Onyx Acquisition Co. I by 2.1% in the fourth quarter. Aristeia Capital LLC now owns 970,000 shares of the company’s stock worth $10,010,000 after purchasing an additional 20,000 shares during the period. Finally, Cowen AND Company LLC purchased a new stake in Onyx Acquisition Co. I in the fourth quarter worth about $226,000. Hedge funds and other institutional investors own 23.34% of the company’s stock.

Onyx Acquisition Co. I Company Profile

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 construction technology and general industrials.