Walkers Acts on Upsized US$230 Million Onyx Acquisition Co. I IPO

Walkers is pleased to have acted as Cayman Islands counsel to Onyx Acquisition Co. I ("Onyx"), a special purpose acquisition company formed for the purpose of effecting a business combination with one or more businesses, in respect of its upsized US$230 million initial public offering on the Nasdaq Stock Market.

Onyx expects to focus on the general industrials and construction technology sectors.

The Walkers team was led by Cayman Islands partner Bicrom Das, with assistance from associates Daniel Walford, Jenna Wong and Miriam El Ofir. Onyx's US counsel was Kirkland & Ellis