Onyx Acquisition I registered to offer 20 million units at $10 each. A unit consists of one Class A ordinary share and one-half of a redeemable warrant.
The new SPAC plans to focus on general industrials and the construction technology sectors.
Director, Chairman and CEO Michael Stern is the founder and CEO of JDS Development Group, a real estate development and acquisition firm based in New York City.
BTIG is sole book-running manager of the offering. The underwriters have a 45-day option from the date of this prospectus to purchase up to 3,000,000 additional units to cover over-allotments, if any.
The SPAC has applied to list on the Nasdaq under ONYXU. Read more.
