OPA SEC filings, in plain English
Everything Magnum Opus Acquisition Ltd has filed with the SEC that we hold — 40 filings, newest first, 1 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Magnum Opus Acquisition Limited called an extraordinary general meeting for July 24, 2023 to extend the Termination Date two months, from July 25, 2023 to September 25, 2023, and then, without further shareholder approval, up to four more times by one month each by board resolution passed at least three days before the applicable date, to January 25, 2024. The articles had already been amended by special resolution on March 17, 2023. The extension is sought to complete the Agreement and Plan of Merger dated September 30, 2022 Hong Kong Time with Asia Innovations Group Limited. Why it matters: Six more months are being sought with no extension deposit disclosed in the notice, so holders who stay fund the delay without compensation, and after this vote the board can add four of those months on three days' notice with no further redemption window. Magnum Opus ultimately liquidated, so the Asia Innovations transaction never closed. Redemption at this meeting was the point at which holders could still take trust cash on their own terms.
What changed vs 2023-02-17deadline 2023-07-25 → 2024-01-25combination deadline1 moved
- Combination deadline
- 2023-07-252024-01-25
SpacBrain reads this as 184 days later than the previous record.
The clause …“by an additional month, for an aggregate of four additional months, until January 25, 2024. In the event that the Company does not consummate a Business Combination on or before the First-Phase Extended Date, or, if the Board has”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2022-11-14trust $201.2M → $202.8M +1%deadline 2023-03-25 → 2023-07-25shares 20.0M → 6.60M -67%
trust account, combination deadline, redeemable shares +23 moved · 2 with no prior record of ours
- Trust account
- $201.2M$202.8M
- Combination deadline
- 2023-03-252023-07-25
- Redeemable shares
- 20.0M6.60M
- Sponsor loans outstanding
- not previously extracted$2.0M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $1,670,820 was added to the trust between the two filings.
The clause …“As of March 31, 2023 and December 31, 2022, the Company had $ 67,731,730 and $ 202,841,231 in investments held in the Trust Account, respectively. The assets held in the Trust Account were held in money market funds, which are invested”…
SpacBrain reads this as 122 days later than the previous record.
The clause …“the Company will be able to successfully effect a Business Combination. If a Business Combination is not consummated by July 25, 2023, there will be a mandatory liquidation and subsequent dissolution of the Company unless the Business”…
SpacBrain reads this as 13,404,883 shares are no longer redeemable.
The clause …“6,595,117 and 20,000,000 shares issued and no shares outstanding (excluding 6,595,117 and 20,000,000 shares subject to possible redemption at March 31, 2023 and December 31, 2022, respectively) — — Class B ordinary shares, $”…
The clause …“the SEC on September 19, 2022 and November 18, 2022. As of March 31, 2023, $2,000,000 are outstanding under the working capital loans. Off-Balance Sheet Arrangements We did not have any off-balance sheet arrangements as of March 31,”…
The clause …“Period is further extended. In connection with the Company’s assessment of going concern considerations in accordance with FASB’s Accounting Standards Update (“ASU”) 2014-15, Disclosures of Uncertainties about an Entity’s Ability to”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2022-02-17trust $200.0M → $202.8M +1%deadline 2023-03-25 → 2023-07-25
trust account, combination deadline, sponsor loans outstanding +32 moved · 4 with no prior record of ours
- Trust account
- $200.0M$202.8M
- Combination deadline
- 2023-03-252023-07-25
- Sponsor loans outstanding
- not previously extracted$2.0M
- Mandate language
- not previously extractedwe may pursue an initial business combination opportunity in…
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 20.0M · unchanged
SpacBrain reads this as $2,830,782 was added to the trust between the two filings.
The clause …“ 35,009 99,756 Total current assets 918,316 582,407 Investments held in Trust Account 202,841,231 200,010,449 Total Assets $ 203,759,547 $ 200,592,856 LIABILITIES, REDEEMABLE ORDINARY SHARES AND”…
SpacBrain reads this as 122 days later than the previous record.
The clause …“the Company passed at least three days prior to the Third Extended Date, to July 25, 2023, for three additional one -month periods, for an aggregate of three additional months and (2) an amendment to the Investment Management Trust”…
The clause …“the SEC on September 19, 2022 and November 18, 2022. As of December 31, 2022, $2,000,000 are outstanding under the working capital loans. We currently do not believe we will need to raise additional funds in order to meet the”…
The clause …“accounting firm’s report contains an explanatory paragraph that express substantial doubt about our ability to continue as a “going concern.” We may not have sufficient funds to consummate the initial business combination. As of”…
The clause …“authorized; 20,000,000 shares issued and no shares outstanding (excluding 20,000,000 shares subject to possible redemption) — — Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares authorized; 5,000,000 shares issued”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.