Magnum Opus Receives New York Stock Exchange Notice Regarding Late Form 10-Q Filing

HONG KONG, Aug. 30, 2022 /PRNewswire/ -- Magnum Opus Acquisition Limited (NYSE: OPA) ("Magnum Opus" or the "Company") announces that on August 23, 2022, as a result of the Company's inability to timely file with the Securities and Exchange Commission ("SEC") its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 (the "Form 10-Q"), it received a notice from the New York Stock Exchange (the "NYSE") stating that the Company is not in compliance with the NYSE American's continued listing requirements under the timely filing criteria established in the NYSE American Company Guide. Under the Section 1007 of the NYSE American Company Guide, the Company could be granted up to 12 months to cure the late filer deficiency. The initial six-month period to regain compliance is automatic and the additional six months is only granted upon request by the Company and approval by the NYSE. The NYSE notice has no immediate effect on the listing or trading of the Company's securities on the NYSE.

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