Filing Details

Onyx Acquisition Co. I

(Name of Issuer)

Class A Ordinary Shares, $0.0001 par value per share

(Title of Class of Securities)

G6755Q125

(CUSIP Number)

November 3, 2021

(Date of Event Which Requires Filing of this Statement)

*SEE INSTRUCTIONS BEFORE FILLING OUT

**SEE ITEM 4(b).

(1)           Reflects current beneficial ownership of the Reporting Person.  See additional information regarding beneficial ownership contained in Item 4.

*SEE INSTRUCTIONS BEFORE FILLING OUT

**SEE ITEM 4(b).

(1)          Reflects current beneficial ownership of the Reporting Person.  See additional information regarding beneficial ownership contained in Item 4.

*SEE INSTRUCTIONS BEFORE FILLING OUT

**SEE ITEM 4(b).

(1)           Reflects current beneficial ownership of the Reporting Person.  See additional information regarding beneficial ownership contained in Item 4.

*SEE INSTRUCTIONS BEFORE FILLING OUT

**SEE ITEM 4(b).

(1)          Reflects current beneficial ownership of the Reporting Person.  See additional information regarding beneficial ownership contained in Item 4.

*SEE INSTRUCTIONS BEFORE FILLING OUT

**SEE ITEM 4(b).

(1)          Reflects current beneficial ownership of the Reporting Person.  See additional information regarding beneficial ownership contained in Item 4.

*SEE INSTRUCTIONS BEFORE FILLING OUT

**SEE ITEM 4(b).

(1)           Reflects current beneficial ownership of the Reporting Person.  See additional information regarding beneficial ownership contained in Item 4.

       This Schedule 13G (this “Schedule 13G”) relates to Class A Ordinary Shares, $0.0001 par value per share (“Common Stock”), of Onyx Acquisition Co. I, a Cayman Islands exempted company (the “Issuer”), and is being filed on behalf of (i) VR Global Partners, L.P. (the “Fund”), a Cayman Islands exempted limited partnership, (ii) VR Advisory Services Ltd (“VR”), a Cayman Island exempted company, as the general partner of the Fund, (iii) VR Capital Participation Ltd. (“VRCP”), a Cayman Islands exempted company, as the sole shareholder of VR, (iv) VR Capital Group Ltd. (“VRCG”), a Cayman Islands exempted company, as the sole shareholder of VRCP, (v) VR Capital Holdings Ltd. (“VRCH”), a Cayman Islands exempted company, as the sole shareholder of VRCG and (vi) Richard Deitz, the principal of VR, VRCP, VRCG, VRCH (collectively with the Fund, VR, VRCP, VRCG and VRCH, the “Reporting Persons”). All shares of Common Stock are held by the Fund.

Item 1(a)            Name of Issuer.

Item 1(b)            Address of Issuer’s Principal Executive Offices.

104 5th Avenue, New York, New York 10011.

Item 2(a)             Name of Person Filing.

The Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):

(i)	VR Global Partners, L.P. (the “Fund”);

(ii)	VR Advisory Services Ltd (“VR”);

(iii)

VR Capital Participation Ltd. (“VRCP”);

(iv)	VR Capital Group Ltd. (“VRCG”);

(v)	VR Capital Holdings Ltd. (“VRCH”); and

(vi)	Richard Deitz.

Item 2(b)            Address of Principal Business Office, or, if none, Residence.

For the Fund, VRCP, VRCG and VRCH:  c/o Intertrust (Cayman) Limited, One Nexus Way, Camana Bay, Grand Cayman, KY1-9005, Cayman Islands

For VR:  300 Park Avenue, Suite 1602, New York, New York, 10022, USA.

For Mr. Deitz:  Niddry Lodge, 51 Holland Street, First Floor, London W8 7JB, United Kingdom

Item 2(c)             Citizenship or Place of Organization.

(i)	The Fund is a Cayman Islands exempted limited partnership;

(ii)	VR is a Cayman Islands exempted company;

(iii)

VRCP is a Cayman Islands exempted company;

(iv)	VRCG is a Cayman Islands exempted company;

(v)	VRCH is a Cayman Islands exempted company; and

(vi)	Mr. Deitz is a United States citizen.

Item 2(d)             Title of Class of Securities.

 Class A Ordinary Shares, $0.0001 par value per share (the “Common Stock”).

Item 2(e)             CUSIP Number.

 G6755Q125

Covering VR, VRCP, VRCG, VRCH and Mr. Deitz:

Item 4                  Ownership.

Items 5 through 9 and 11 of each of the cover pages to this Schedule 13G are incorporated herein by reference.

As of the date hereof, each of the Fund, VR, VRCP, VRCG, VRCH and Mr. Deitz may be deemed to beneficially own 0 shares of Common Stock of the Issuer, representing approximately 0% of the shares of Common Stock outstanding.

As of November 3, 2021, each of the Reporting Persons may have been deemed to have beneficially owned 1,800,000 shares of Common Stock of the Issuer, representing approximately 6.8% of the shares of Common Stock outstanding.  Such shares of Common Stock were acquired as part of units of the Issuer consisting of one share of Common Stock and one-half of a redeemable warrant to purchase a share of Common Stock, the terms of which are noted below. Each of the Fund, VR, VRCP, VRCG, VRCH and Mr. Deitz exited the whole position on November 3, 2021.

The above percentages are based on 26,450,000 shares of Common Stock of the Issuer outstanding as of November 5, 2021, as disclosed in the Issuer’s Form 8-K filed with the Securities and Exchange Commission on November 8, 2021.

0 shares of Common Stock of the Issuer reported as beneficially owned herein are directly held by the Fund.  VR, as the general partner and investment adviser of the Fund, may be deemed to exercise voting and investment power over 0 shares of Common Stock held by the Fund.  VRCP, as the sole shareholder of VR, also may be deemed to beneficially own 0 shares of Common Stock held by the Fund.  VRCG, as the sole shareholder of VRCP, also may be deemed to beneficially own 0 shares of Common Stock held by the Fund.  VRCH, as the sole shareholder of VRCG, also may be deemed to beneficially own 0 shares of Common Stock held by the Fund.  Mr. Deitz, as the principal of VR, VRCP, VRCG and VRCH, also may be deemed to beneficially own 0 shares of Common Stock held by the Fund.

In addition to the shares of Common Stock held by the Fund, the Fund also holds 0 warrants to purchase shares of Common Stock.  Such warrants, which were included as part of units of the Issuer consisting of one share of Common Stock and one-half of one redeemable warrant purchased by the Fund, have an exercise price of $11.50 per share, will become exercisable on the later of 30 days after the completion of the Issuer’s initial business combination and 12 months from the closing of the Issuer’s initial public offering, and will expire five years after the completion of the Issuer’s initial business combination or earlier upon redemption or liquidation.

Item 5                  Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following [X].

Item 6                 Ownership of More Than Five Percent on Behalf of Another Person.

Inapplicable.

Inapplicable.

Inapplicable.

Inapplicable.

For VR, VRCP, VRCG, VRCH and Mr. Deitz:

By signing below each of the Reporting Persons certifies that, to the best of such person’s knowledge and belief, the securities referred to above were acquired and held in the ordinary course of business and were not acquired and were not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

For the Fund:

By signing below each of the Reporting Persons certifies that, to the best of such person’s knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  November 15, 2021

VR Global Partners, L.P.

By:  VR Advisory Services Ltd, its general partner

Name:               Emile du Toit

Title:                   Authorized Person

VR Advisory Services Ltd

Name:               Emile du Toit

Title:                   Authorized Person

VR Capital Participation Ltd.

Name:               Emile du Toit

Title:                   Authorized Person

VR Capital Group Ltd.

Name:               Emile du Toit

Title:                   Authorized Person

VR Capital Holdings Ltd.

Name:               Emile du Toit

Title:                   Authorized Person

Richard Deitz