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 firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $9,036,310.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Onyx Acquisition Co. I Stock Performance

Shares of ONYX stock opened at $11.12 on Friday. The company has a 50 day moving average of $11.13 and a 200-day moving average of $11.03. Onyx Acquisition Co. I has a 12-month low of $10.56 and a 12-month high of $12.00.

Institutional Investors Weigh In On Onyx Acquisition Co. I

Large investors have recently modified their holdings of the stock. Clear Street LLC increased its stake in shares of Onyx Acquisition Co. I by 1,241.8% during the 4th 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 last quarter. Tuttle Capital Management LLC purchased a new position in Onyx Acquisition Co. I in the 4th quarter valued at approximately $220,000. State Street Corp purchased a new position in Onyx Acquisition Co. I in the 1st quarter valued at approximately $202,000. Cowen AND Company LLC purchased a new position in Onyx Acquisition Co. I in the 4th quarter valued at approximately $226,000. Finally, Rivernorth Capital Management LLC purchased a new position in Onyx Acquisition Co. I in the 1st quarter valued at approximately $274,000. Hedge funds and other 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.