--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-23-034595" form_type: "8-K" ticker: null cik: "0001843121" company_name: "Magnum Opus Acquisition Ltd" filed_at: "2023-03-21T23:59:59+00:00" generated_at: "2026-06-17T22:30:21.538533+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.8 calibrated_materiality_score: 0.8 confidence: "high" source: SEC EDGAR --- # Magnum Opus extends SPAC deadline to July 2023 after 75% shareholder redemption ## Summary - Shareholders approved extension of business combination deadline from March 25 to July 25, 2023, in up to four monthly increments. - 13,404,883 Class A shares redeemed at ~$10.23 per share, totaling ~$137.1 million withdrawn from trust. - Trust account reduced from ~$204.6M to ~$67.5M post-redemption; only $67.5M remains for future deal. - Extension and trust amendment proposals passed with ~17.9M votes in favor, minimal opposition. - Company may extend further by board resolution without additional shareholder votes. ## SEC filing metadata - accession: 0001104659-23-034595 - form_type: 8-K - cik: 0001843121 - company_name: Magnum Opus Acquisition Ltd - filed_at: 2023-03-21T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.8 - calibrated_materiality_score: 0.8 - confidence: high - sec_items: 1.01, 5.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1843121/000110465923034595/0001104659-23-034595-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1843121/000110465923034595/tm239909d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-23-034595 - JSON: https://secwatch.observer/filing/0001104659-23-034595.json - Plain text: https://secwatch.observer/filing/0001104659-23-034595.txt ## Key facts - Governance Changes Magnum Opus Acquisition Ltd: Amended Articles 51.7 and 51.8 of the Company's amended and restated memorandum and articles of association to extend the deadline for completing a business combination from March 25, 2023 to up to July 25, 2023 in monthly increments, with board authority to extend without further shareholder approv (effective 2021-03-25). - Change: charter amendment - Effective: 2021-03-25 source text: the shareholders approved (1) the proposal to amend Articles 51.7 and 51.8 of the Company’s amended and restated memorandum and articles of association (the “MAA”) to extend the date (the “Termination Date”) by which the Company must (i) consummate a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination involving the Company with one or more businesses, which we refer to as a “business combination,” or (ii) cease its operations except for the purpose of winding up if it fails to complete such business combination and redeem or repurchase 100% of the Company’s public shares included as part of the units sold in the Company’s initial public offering that was consummated on March 25, 2021, which we refer to as the “IPO,” (the “Extension”) from March 25, 2023 to April 25, 2023 (the “First Extended Date”); and if the Company does not consummate a business combination by the First Extended Date, the Termination Date may be extended, without evidence_url: https://www.sec.gov/Archives/edgar/data/1843121/000110465923034595/0001104659-23-034595-index.htm - Material Agreements Magnum Opus Acquisition Ltd amended Amended and Restated Investment Management Trust Agreement with Continental Stock Transfer & Trust Company valued at any remaining amount in its trust account (effective 2023-03-17). - Action: amendment - Counterparty: Continental Stock Transfer & Trust Company - Value: any remaining amount in its trust account - Effective: 2023-03-17 source text: On March 17, 2023, in connection with its extraordinary general meeting of shareholders held on March 17, 2023 (the “Extraordinary Meeting”), Magnum Opus Acquisition Limited (the “Company”) and Continental Stock Transfer & Trust Company entered into the Amended and Restated Investment Management Trust Agreement (“Amended and Restated Trust Agreement”) to (i) reflect the Extension (as defined below) and (ii) allow the Company to maintain any remaining amount in its trust account established in connection with its initial public offering (the “Trust Account”) in an interest bearing demand deposit account at a bank (the “Trust Amendment”). evidence_url: https://www.sec.gov/Archives/edgar/data/1843121/000110465923034595/0001104659-23-034595-index.htm - Shareholder Votes Magnum Opus Acquisition Ltd shareholders approved Trust Amendment Proposal: approve the Trust Amendment. - Outcome: passed source text: 2. The Trust Amendment Proposal . The Trust Amendment Proposal was approved. The final voting tabulation for this proposal was as follows: FOR AGAINST ABSTAIN 17,910,072 29,558 2 evidence_url: https://www.sec.gov/Archives/edgar/data/1843121/000110465923034595/0001104659-23-034595-index.htm - Shareholder Votes Magnum Opus Acquisition Ltd shareholders approved Extension Amendment Proposal: amend MAA to extend business combination deadline to July 25, 2023. - Proposal: merger approval - Outcome: passed source text: 1. The Extension Amendment Proposal. The Extension Amendment Proposal was approved. The final voting tabulation for this proposal was as follows: FOR AGAINST ABSTAIN 17,910,195 29,437 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1843121/000110465923034595/0001104659-23-034595-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.