# EDGAR Filing Document

**Accession Number:** 0001849548
**File Stem:** 0001213900-23-002060
**Filing Date:** 2023-1
**Character Count:** 22428
**Document Hash:** 6b4b8118b1fb594be94df2862e3ee1b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-002060.hdr.sgml**: 20230110

**ACCESSION NUMBER**: 0001213900-23-002060

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230110

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230110

**DATE AS OF CHANGE**: 20230110

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Onyx Acquisition Co. I
- **CENTRAL INDEX KEY:** 0001849548
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41003
- **FILM NUMBER:** 23521602

**BUSINESS ADDRESS:**
- **STREET 1:** 104 5TH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10011
- **BUSINESS PHONE:** 212-974-2844

**MAIL ADDRESS:**
- **STREET 1:** 104 5TH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10011

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JDS Acquisition Corp I
- **DATE OF NAME CHANGE:** 20210305

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

&nbsp;&nbsp;&nbsp;&nbsp;**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or Section 15(d) of The Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **January 10, 2023**

**ONYX ACQUISITION CO. I** (Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Cayman Islands** | **001-41003** | **98-1584432** |
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer <br> Identification No.) |

---

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| | |
|:---|:---|
| **104 5th Avenue New York, New York** | **10011** |
| (Address of principal executive offices) | (Zip Code) |

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&nbsp;&nbsp;&nbsp;&nbsp;Registrant's telephone number, including area code: **(212) 974-2844**

**Not Applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

&nbsp;&nbsp;&nbsp;&nbsp;☒ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on<br> which registered** |
| Units, each consisting of one Class A Ordinary Share, $0.0001 par value, and one-half of one redeemable warrant | ONYXU | The Nasdaq Stock Market LLC |
| Class A Ordinary Shares included as part of the units | ONYX | The Nasdaq Stock Market LLC |
| Redeemable warrants included as part of the units, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 | ONYXW | The Nasdaq Stock Market LLC |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On December 8, 2022, Onyx Acquisition Co. I (the "Company") filed a definitive proxy statement (the "Definitive Proxy Statement") for the solicitation of proxies in connection with an extraordinary general meeting of the Company's shareholders to be held on January 12, 2023 (the "Extraordinary General Meeting") to consider and vote on, among other proposals, the extension (the "Extension" and such proposal, the "Extension Amendment Proposal") of the time period the Company has to complete an initial business combination, and the amendment of the Company's Amended and Restated Memorandum and Articles of Association to remove the limitation that the Company shall not redeem Class A ordinary shares included as part of the units sold in its initial public offering (including any shares issued in exchange thereof, the "public shares") to the extent that such redemption would cause the Company's net tangible assets to be less than $5,000,001.

***Press Release***

 ****

On January 10, 2023, the Company issued a press release announcing, among other things, (i) the postponement of the Extraordinary General Meeting (the "Postponement") from the previously scheduled date of Thursday, January 12, 2023, at 9:30 a.m., Eastern Time, to Thursday, January 26, 2023, at 9:30 a.m., Eastern Time, in order to allow additional time for the Company to engage with its shareholders, (ii) the resulting extension of the deadline from January 10, 2023 (two business days before the Extraordinary General Meeting, as originally scheduled) to January 24, 2023 (two business days before the postponed Extraordinary General Meeting) for delivery of redemption requests from the Company's shareholders in connection with the Extension Amendment Proposal (the "Redemption Deadline Extension"), (iii) that, if the Extension Amendment Proposal is approved, Onyx Acquisition Sponsor Co. LLC (our "Sponsor") has agreed to deposit into the Company's trust account (the "Trust Account") $400,000 (the "Contribution"), with such Contribution to be effected through a loan to the Company and (iv) that the holders of the Company's outstanding Class B ordinary shares (the "founder shares") have informed the Company that they expect to convert all of the founder shares into Class A ordinary shares prior to any redemption in connection with the Extension Amendment Proposal.

The press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

***Supplement to the Definitive Proxy Statement***

The Company has determined to supplement the Definitive Proxy Statement as set forth below (the "Proxy Supplement") to provide information about the Postponement, the Redemption Deadline Extension, the proposed Contribution and the proposed conversion of the founder shares.

There is no change to the location, the record date, or any of the other proposals to be acted upon at the Extraordinary General Meeting.

***SUPPLEMENT TO PROXY STATEMENT***

***OF***

***ONYX ACQUISITION CO. I***

***Dated January 10, 2023***

*The following disclosures in this Current Report on Form 8-K supplement, and should be read in conjunction with, the disclosures contained in the Company's definitive proxy statement (the "Definitive Proxy Statement"), filed with the Securities and Exchange Commission (the "SEC") on December 8, 2022, which in turn should be read in its entirety. To the extent the information set forth herein differs from or updates information contained in the Definitive Proxy Statement, the information set forth herein shall supersede or supplement the information in the Definitive Proxy Statement. All other information in the Definitive Proxy Statement remains unchanged.*

*As provided in the Definitive Proxy Statement, the Company is seeking shareholder approval of, among other things, the extension (the "Extension" and such proposal, the "Extension Amendment Proposal") of the time period the Company has to complete an initial business combination from February 5, 2023 to August 7, 2023 (such date, the "Extended Date"), and the removal from the Company's Amended and Restated Memorandum and Articles of Association (the "Articles") of the limitation that the Company shall not redeem Class A ordinary shares included as part of the units sold in its initial public offering (including any shares issued in exchange thereof, the "public shares") to the extent that such redemption would cause the Company's net tangible assets to be less than $5,000,001. The purpose of the supplemental disclosures is to provide information about (i) the postponement of the Extraordinary General Meeting related to the Definitive Proxy Statement, (ii) the resulting extension of the deadline for delivery of redemption requests from the Company's shareholders to the Company's transfer agent, (iii) the agreement by Onyx Acquisition Sponsor Co. LLC (our "Sponsor") to deposit into the Company's trust account (the "Trust Account") as a loan, $400,000, if the Extension Amendment Proposal is approved at the Extraordinary General Meeting and (iv) the expectation that the holders of the Company's outstanding Class B ordinary shares (the "founder shares") will convert all of the founder shares into Class A ordinary shares of the Company, in accordance with the terms of the Articles, prior to any redemption in connection with the Extension Amendment Proposal.*

*Terms used herein, unless otherwise defined, have the meanings set forth in the Definitive Proxy Statement.*

 

**<u>Extraordinary General Meeting Date</u>**

On January 10, 2023, the Company issued a press release announcing that it has determined to postpone (the "Postponement") the date of the Extraordinary General Meeting from January 12, 2023 to January 26, 2023. As a result of this change, the Extraordinary General Meeting will now be held at 9:30 a.m. Eastern Time on January 26, 2023 at the offices of Kirkland & Ellis LLP, located at 609 Main Street, Suite 4700, Houston, TX 77002, and virtually via live webcast. It can be accessed by visiting *https://www.cstproxy.com/onyxacqu/2023.*

**<u>Extension of Redemption Deadline</u>**

As a result of the Postponement, the previously disclosed deadline of January 10, 2023 (two business days before the Extraordinary General Meeting) for delivery of redemption requests from the Company's shareholders to the Company's transfer agent has been extended to January 24, 2023 (two business days before the postponed Extraordinary General Meeting).

**<u>Supplemental Disclosures Regarding Expected Conversion of All Founder Shares</u>**

***The Definitive Proxy Statement is hereby amended and supplemented by adding the following sentence:***

**"**The holders of the outstanding founder shares have informed the Company that they expect to convert all of the founder shares into Class A ordinary shares of the Company, in accordance with the terms of the Articles, prior to any redemption in connection with the Extension Amendment Proposal. Notwithstanding the conversion, such holders will not be entitled to receive any monies held in the Trust Account as a result of their ownership of any Class A ordinary shares."

***After each instance of the following existing disclosure:***

"In the event of a liquidation, the holders of our founder shares, our Sponsor, will not receive any monies held in the Trust Account as a result of its ownership of the founder shares."

***The Definitive Proxy Statement is hereby amended and supplemented by adding the following sentence:***

"The holders of the outstanding founder shares have informed the Company that they expect to convert all of the founder shares into Class A ordinary shares of the Company, in accordance with the terms of the Articles, prior to any redemption in connection with the Extension Amendment Proposal."

***After each instance of the following existing disclosure:***

"The founder shares carry voting rights in connection with the Extension Amendment Proposal, the Redemption Limitation Amendment Proposal and the Adjournment Proposal, and we have been informed by our Sponsor, which holds 6,522,500 founder shares, that it intends to vote in favor of the Extension Amendment Proposal, the Redemption Limitation Amendment Proposal and the Adjournment Proposal."

**<u>Sponsor Contribution to Trust Account</u>**

On January 10, 2023, the Company issued a press release announcing that, if the Extension Amendment Proposal is approved at the Extraordinary General Meeting, our Sponsor will effect a deposit into the Trust Account of $400,000 (or approximately $0.02 per public share, assuming no redemptions) as a loan to the Company (the "Contribution") on January 26, 2023 (the "Contribution Date").

The Contribution will be evidenced by a non-interest bearing, unsecured promissory note and will be repayable by the Company upon consummation of an initial business combination. If the Company does not consummate an initial business combination by the Extended Date, the promissory note will be repaid only from funds held outside of the Trust Account or will be forfeited, eliminated or otherwise forgiven. The Contribution is conditioned on the approval of the Extension Amendment Proposal and the implementation of the Extension.

**Forward-Looking Statements**

This Current Report on Form 8-K includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as "believes," "expects," "intends," "plans," "estimates," "assumes," "may," "should," "will," "seeks," or other similar expressions. Such statements may include, but are not limited to, statements regarding the date of the Extraordinary General Meeting and the proposed Contribution. These statements are based on current expectations on the date of this Current Report on Form 8-K and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.

**Additional Information and Where to Find It**

On December 8, 2022, the Company filed the Definitive Proxy Statement with the Securities and Exchange Commission (the "SEC") in connection with its solicitation of proxies for the Extraordinary General Meeting. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER DOCUMENTS THE COMPANY FILES WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the Definitive Proxy Statement (including any amendments or supplements thereto) and other documents filed with the SEC through the web site maintained by the SEC at www.sec.gov or by directing a request to: Onyx Acquisition Co. I, 104 5<sup>th</sup> Avenue, New York, New York 10011.

**Participants in the Solicitation**

The Company and its respective directors and officers may be deemed to be participants in the solicitation of proxies from shareholders in connection with the Extraordinary General Meeting. Additional information regarding the identity of these potential participants and their direct or indirect interests, by security holdings or otherwise, is set forth in the Definitive Proxy Statement. You may obtain free copies of these documents using the sources indicated above.

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| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.** |

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(d) Exhibits

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press Release dated January 10, 2023.](ea171457ex99-1_onyx1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| Date: January 10, 2023 | ONYX ACQUISITION CO. I | ONYX ACQUISITION CO. I |
|  | By: | /s/ Michael Stern |
|  | Name:<br> Title: | Michael Stern<br> Director, Chairman and Chief Executive Officer |

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## Exhibit 99.1

**Exhibit 99.1**

**Onyx Acquisition Co. I Announces Postponement of Extraordinary General Meeting to** 

**Thursday, January 26, 2023, Contribution to Trust Account in Connection with Proposed Extension Amendment and Expected Conversion of All Founder Shares**

New York, NY, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Onyx Acquisition Co. I (Nasdaq: ONYXU, ONYX, ONYXW) ("Onyx" or the "Company"), announced today that its previously announced extraordinary general meeting (the "Meeting") for the purpose of considering and voting on, among other proposals, a proposal to amend Onyx's Amended and Restated Memorandum and Articles of Association (the "Extension Amendment Proposal") to extend the date by which it must consummate an initial business combination from February 5, 2023 to August 7, 2023 (such date, the "Extended Date" and such extension, the "Extension") will be postponed from 9:30 a.m. Eastern Time on January 12, 2023 to 9:30 a.m. Eastern Time on January 26, 2023 (the "Postponement") to allow the Company additional time to engage with shareholders.

The Company also announced today that if the Extension Amendment Proposal is approved at the Meeting and the Extension is implemented, its sponsor, Onyx Acquisition Sponsor Co. LLC, will deposit into the Company's trust account as a loan (the "Contribution") $400,000 (or approximately $0.02 per public share, assuming no redemptions) on January 26, 2023.

The Contribution will be evidenced by a non-interest bearing, unsecured promissory note and will be repayable by the Company upon consummation of an initial business combination. If the Company does not consummate an initial business combination by the Extended Date, the promissory note will be repaid only from funds held outside of the trust account or will be forfeited, eliminated or otherwise forgiven. The Contribution is conditioned on the approval of the Extension Amendment Proposal and the implementation of the Extension.

Additionally, the holders of the Company's outstanding Class B ordinary shares (the "founder shares") expect to convert all of the founder shares into Class A ordinary shares of the Company, in accordance with the terms of the Articles, prior to any redemption in connection with the Extension Amendment Proposal*.*

The record date for determining the Company shareholders entitled to receive notice of and to vote at the Meeting remains the close of business on November 23, 2022 (the "Record Date"). Shareholders as of the Record Date can vote, even if they have subsequently sold their shares. Shareholders who have previously submitted their proxies or otherwise voted and who do not want to change their vote need not take any action. Shareholders who have not yet done so are encouraged to vote as soon as possible.

As a result of the Postponement, the previously disclosed deadline of January 10, 2023 (two business days before the Meeting, as originally scheduled) for delivery of redemption requests from the Company's shareholders to the Company's transfer agent has been extended to January 24, 2023 (two business days before the postponed Meeting). Shareholders who wish to withdraw their previously submitted redemption request may do so prior to the postponed Meeting by requesting that the Company's transfer agent return such shares by 5:00 p.m. Eastern Time on January 24, 2023. If any such shareholders have questions or need assistance in connection with the Meeting, please contact the Company's proxy solicitor, Morrow Sodali LLC, by calling (800) 662-5200, or banks and brokers can call collect at (203) 658-9400, or by emailing ONYX.info@investor.morrowsodali.com.

**Forward-Looking Statements**

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as "believes," "expects," "intends," "plans," "estimates," "assumes," "may," "should," "will," "seeks," or other similar expressions. Such statements may include, but are not limited to, statements regarding the date of the Meeting and the proposed Contribution. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.

**Additional Information and Where to Find It**

On December 8, 2022, the Company filed a definitive proxy statement with the Securities and Exchange Commission (the "SEC") in connection with its solicitation of proxies for the Meeting. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER DOCUMENTS THE COMPANY FILES WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the definitive proxy statement (including any amendments or supplements thereto) and other documents filed with the SEC through the web site maintained by the SEC at www.sec.gov or by directing a request to: Onyx Acquisition Co. I, 104 5<sup>th</sup> Avenue, New York, New York 10011.

**Participants in the Solicitation**

The Company and its respective directors and officers may be deemed to be participants in the solicitation of proxies from shareholders in connection with the Meeting. Additional information regarding the identity of these potential participants and their direct or indirect interests, by security holdings or otherwise, is set forth in the definitive proxy statement. You may obtain free copies of these documents using the sources indicated above.

**Contact**

Benjamin Lerner<br> President<br> Onyx Acquisition Co. I<br> press@onyxacqu.com