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

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

Onyx Acquisition Co. I Price Performance

Shares of Onyx Acquisition Co. I stock opened at $11.11 on Thursday. The business has a fifty day simple moving average of $11.13 and a two-hundred day simple moving average of $11.03. Onyx Acquisition Co. I has a 12 month low of $10.52 and a 12 month high of $12.00.

Hedge Funds Weigh In On Onyx Acquisition Co. I

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tuttle Capital Management LLC lifted its position in Onyx Acquisition Co. I by 50.0% during the first quarter. Tuttle Capital Management LLC now owns 30,000 shares of the company’s stock valued at $334,000 after buying an additional 10,000 shares during the period. Quarry LP bought a new position in shares of Onyx Acquisition Co. I during the fourth quarter valued at $1,480,000. Clear Street LLC increased its holdings in shares of Onyx Acquisition Co. I by 1,241.8% during the fourth quarter. Clear Street LLC now owns 10,305 shares of the company’s stock valued at $113,000 after acquiring an additional 9,537 shares in the last quarter. Cowen AND Company LLC bought a new position in shares of Onyx Acquisition Co. I during the fourth quarter valued at $226,000. Finally, Shaolin Capital Management LLC increased its holdings in shares of Onyx Acquisition Co. I by 200.0% during the third quarter. Shaolin Capital Management LLC now owns 150,000 shares of the company’s stock valued at $1,629,000 after acquiring an additional 300,000 shares in the last quarter. 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.