In the news release, Magnum Opus Receives New York Stock
Exchange Notice Regarding Late Form 10-Q Filing, issued
30-Aug-2022 by Magnum Opus
Acquisition Limited over PR Newswire, we are advised by the company
that the first, second, and third sentences of the first paragraph
have been corrected. The complete, corrected release follows:
Magnum Opus Receives New York Stock Exchange Notice Regarding Late
Form 10-Q Filing
HONG
KONG, Aug. 30, 2022 /PRNewswire/ -- Magnum Opus
Acquisition Limited (NYSE: OPA) ("Magnum Opus" or the "Company")
announces that on August 23, 2022, as
a result of the Company's inability to timely file with the
Securities and Exchange Commission ("SEC") its Quarterly Report on
Form 10-Q for the quarter ended June 30,
2022 (the "Form 10-Q"), it received a notice from the New
York Stock Exchange (the "NYSE") stating that the Company is not in
compliance with Section 802.01E of the NYSE Listed Company Manual
(the "NYSE Rule"). Under NYSE rules, the Company has six months
from the due date of the June 2022
Form 10-Q, or until February 22,
2023, to file the June 2022
Form 10-Q. The Company can regain compliance with the NYSE listing
standards at any time prior to that date by filing the June 2022 Form 10-Q. If the Company fails to file
the June 2022 Form 10-Q before the
NYSE's compliance deadline, the NYSE may grant, at its sole
discretion, an extension of up to six additional months for the
Company to regain compliance, depending on the specific
circumstances. The NYSE notice has no immediate effect on the
listing or trading of the Company's securities on the NYSE.
As previously disclosed by the Company in its Form 12b-25 filed
with the SEC on August 16, 2022, the
Company was unable to file its Form 10-Q by its original deadline
without unreasonable effort or expense due to the fact that the
financial statements could not be completed in sufficient time to
solicit and obtain the necessary review of the Form 10-Q in a
timely fashion prior to the original due date of the report. The
Company is still working to complete certain disclosures regarding
the financial information in the Form 10-Q and expects that it will
file the Form 10-Q no later than September
30, 2022. However, the timing of the filing is uncertain at
this moment, and this projected filing date could change.
About Magnum Opus
Magnum Opus Acquisition Limited is a special purpose acquisition
company sponsored by L2 Capital, a private investment firm. Magnum
Opus is a partnership of enterprise builders and public and private
market investment specialists with extensive experience operating
and investing throughout the business life cycle from founding,
scaling operations through public listing. Magnum Opus aims to
partner with public ready enterprises at the forefront of
convergence of consumption and technology. Magnum Opus' mission is
to support companies to realize their vision as they embark on
their journey into the public markets and face new opportunities,
challenges and stakeholders.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. 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 Company's
ability to comply with SEC rules and the continued listing
requirements of the NYSE. 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.
Investor Relations Contact
ICR, LLC
Robin Yang
Email: ICR-TMT@icrinc.com
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SOURCE Magnum Opus Acquisition Limited