Magnum Opus Acquisition Ltd - Ordinary Shares - Class A

NYSE:OPA  
9.88
-0.01 (-0.10%)
Exchange Changes, Equity Financing / Related, Initial Public Offerings

Forbes To Become Public Company Through Business Combination With Special Purpose Acquisition Company Magnum Opus

Published: 08/26/2021 12:48 GMT
Magnum Opus Acquisition Ltd - Ordinary Shares - Class A (OPA) - Forbes to Become Public Company Through Business Combination With Special Purpose Acquisition Company Magnum Opus.
Magnum Opus Acquisition Ltd - Transaction Values Combined Company at an Implied Pro Forma Enterprise Value of $630 Million.
Magnum Opus Acquisition Ltd - Transaction is Expected to Close in Late Q4 2021 Or Early Q1 2022.
Magnum Opus Acquisition Ltd - Forbes Will List on New York Stock Exchange Under Ticker Symbol "frbs".
Magnum Opus Acquisition Ltd - Forbes Shareholders Will Own Approximately 22% of Combined Company at Closing.
Magnum Opus Acquisition Ltd - Combined Co Has Secured an Additional $400 Million Via Pipe.
Magnum Opus Acquisition Ltd - Forbes Will Be Capitalized With Up to $145 Million in Cash.
Magnum Opus Acquisition - Combined Company Will Continue to Be Led by Current Management Team and Will Retain Forbes Name.
Magnum Opus Acquisition Ltd - Forbes' Existing Management Team Will Continue to Manage Combined Co Upon Close Under Leadership of CEO Mike Federle.