Onyx Acquisition Co. I (ONYXU) Prices Upsized $230M IPO


Onyx Acquisition Co. I (ONYXU) Prices Upsized $230M IPO

Nov 3, 2021 IPOs by Anthony Sozzi

Onyx Acquisition Co. I announced the pricing of its upsized $230 million IPO and its units are expected to begin trading on The Nasdaq under the symbol “ONYXU” Wednesday, November 3.

The new SPAC expects to focus on the general industrials and construction technology sectors. Onyx is led by Director, Chairman and Chief Executive Officer Michael Stern, President Benjamin Lerner and CFO Matthew Vodola.

Total SPAC deal count for 2021 year-to-date is now 511. This offering is expected to close on Friday, November 5.

BTIG, LLC is serving as sole book-running manager for this offering. I-Bankers Securities, Inc. is acting as co-manager for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.