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

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

8 Months Ended

Sep. 30, 2021

As of September 30, 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) income per common share (in dollars, except per share amounts):


					For the period from
					January 22, 2021
	Three months ended				(inception) through
	September 30, 2021				September 30, 2021
	Class A		Class B		Class A		Class B
Basic and diluted net loss per share:
Numerator:
Net (loss) income	$	(4,344,998)	$	(1,086,249)	$	622,056	$	203,238
Denominator:
Basic and diluted weighted average shares outstanding		20,000,000		5,000,000		15,059,761		4,920,319
Basic and diluted net (loss) income per share of ordinary share	$	(0.22)	$	(0.22)	$	0.04	$	0.04