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 stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $11.10, for a total transaction of $1,998,000.00. Following the sale, the insider now owns 814,082 shares in the company, valued at $9,036,310.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 Stock Performance

Shares of Onyx Acquisition Co. I stock opened at $11.11 on Thursday. Onyx Acquisition Co. I has a 12-month low of $10.52 and a 12-month high of $12.00. The firm’s 50-day moving average price is $11.13 and its two-hundred day moving average price is $11.03.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tuttle Capital Management LLC bought a new position in shares of Onyx Acquisition Co. I in the fourth quarter worth about $220,000. Shaolin Capital Management LLC lifted its holdings in shares of Onyx Acquisition Co. I by 200.0% in the third quarter. Shaolin Capital Management LLC now owns 150,000 shares of the company’s stock worth $1,629,000 after acquiring an additional 300,000 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Onyx Acquisition Co. I in the first quarter worth about $500,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Onyx Acquisition Co. I in the first quarter worth about $499,000. Finally, Glazer Capital LLC bought a new position in Onyx Acquisition Co. I in the 1st quarter valued at approximately $356,000. Institutional investors own 23.34% of the company’s stock.

About Onyx Acquisition Co. I

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.