secwatch.observer — SEC 8-K summary
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Issuer:     Magnum Opus Acquisition Ltd (—)
CIK:        0001843121
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0001104659-23-034595
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnum Opus extends SPAC deadline to July 2023 after 75% shareholder redemption
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- 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- 13,404,883 Class A shares redeemed at ~$10.23 per share, totaling ~$137.1 million withdrawn from trust.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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843121/000110465923034595/0001104659-23-034595-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843121/000110465923034595/tm239909d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-034595

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