Magnum Opus Acquisition Limited Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

11 Months Ended

Dec. 31, 2021

As of December 31, 2021, the Class A ordinary shares reflected in the condensed balance sheet are reconciled in the following table:


Gross proceeds	$	200,000,000
Less:
Proceeds allocated to Public Warrants		(14,800,000)
Issuance costs allocated to Class A ordinary shares		(10,603,116)
Plus:
Accretion of carrying value to redemption value		25,403,116
Class A ordinary shares subject to possible redemption	$	200,000,000

The following table reflects the calculation of basic and diluted net loss per common share (in dollars, except per share amounts):


	For the period from
	January 22, 2021
	(inception) through
	December 31, 2021
	Class A		Class B
Basic and diluted net loss per share:
Numerator:
Net loss	$	(531,392)	$	(160,269)
Denominator:
Basic and diluted weighted average shares outstanding		16,384,840		4,941,691
Basic and diluted net loss per share of ordinary share	$	(0.03)	$	(0.03)