Magnum Opus Acquisition Limited Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Class A ordinary shares reflected in the condensed balance sheet


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:
Remeasurement of Class A ordinary shares subject to possible redemption			28,244,347
Class A ordinary shares subject to possible redemption as of December 31, 2022		$	202,841,231
Redemption of Class A common stock by stockholders			(137,142,200)
Remeasurement of Class A ordinary shares subject to possible redemption			2,032,699
Class A ordinary shares subject to possible redemption as of March 31, 2023			67,731,730

Schedule of calculation of basic and diluted of net income (loss) per ordinary share

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


		For the						For the
		three months ended						three months ended
		March 31, 2023						March 31, 2022
		Class A			Class B			Class A			Class B
Basic and diluted net income per share:
Numerator:
Net income (loss)		$	19,529		$	5,451		$	(183,389)		$	(45,847)
Denominator:
Basic and diluted weighted average shares outstanding			17,914,796			5,000,000			20,000,000			5,000,000
Basic and diluted income (loss) per common share		$	—		$	—		$	(0.01)		$	(0.01)