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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/2/2022 | $15.00 | Buy | The Benchmark Company |
| 3/2/2022 | $15.00 | Buy | Benchmark |
| 10/21/2021 | $10.00 | Overweight | Cantor Fitzgerald |
At the beginning of 2022, Forbes looked like it would be part of the SPAC wave, planning to go public via a merger with Magnum Opus Acquisition Ltd. (NASDAQ:OPA). Even Binance, which has been particularly busy the past few days with FTX, was on board then with a $200-million strategic investment before the deal's public debut, which would have made Binance one of the top two biggest owners of Forbes. In May, those SPAC dreams were dashed. But now, a buyer has come a calling. In a company-wide email sent Wednesday by Forbes CEO Mike Federle, according to a Daily Beast report, stated the company entered into exclusive negotiations with a buyer, who remained publicly unnamed as of now, thou
Key Takeaways: Developing markets social media company Asia Innovations is planning a U.S. SPAC listing that could provide it with up to $350 million in new funds Company could represent a new generation of founding teams with Chinese roots setting up internet companies in Singapore to avoid stricter Chinese regulations By Doug Young Today we detour from our usual China fare to examine a trend that could quickly gain traction due to an increasingly difficult business climate for internet companies in China. That trend has seen a growing number of Chinese entrepreneurs pack their bags for Singapore, which is nearby geographically and has many cultural ties to China due to its large eth
HONG KONG, Aug. 25, 2023 /PRNewswire/ -- Magnum Opus Acquisition Limited (NYSE:OPA) ("Magnum Opus" or the "Company") announces that on August 22, 2023, as a result of the Company's failure to timely file with the Securities and Exchange Commission ("SEC") its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 (the "June 2023 Form 10-Q"), it received a notice from the New York Stock Exchange (the "NYSE") stating that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual (the "NYSE Rules"). Under the NYSE Rules, the Company has six months from the due date of the June 2023 Form 10-Q, or until February 21, 2024 (the "Deadline"), to file the June
Largest Consumer Internet SPAC Merger announced YTD in 2022 SINGAPORE and NEW YORK, Sept. 30, 2022 /PRNewswire/ -- Asia Innovations Group Limited ("ASIG" or the "Company") today announced that it has entered into a definitive merger agreement (the "Merger Agreement") with Magnum Opus Acquisition Limited (NYSE:OPA) ("OPA"), a special purpose acquisition company. The proposed business combination transaction (the "Business Combination") provides for an equity valuation of $2.5 billion for the combined company. The proposed transaction represents the largest consumer Internet SPAC merger announced year to date in 2022. Transaction Highlights ASIG operates an integrated platform of products de
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
3 - Magnum Opus Acquisition Ltd (0001843121) (Issuer)
The Benchmark Company initiated coverage of Magnum Opus Acquisition with a rating of Buy and set a new price target of $15.00
Benchmark initiated coverage of Magnum Opus Acquisition with a rating of Buy and set a new price target of $15.00
Cantor Fitzgerald initiated coverage of Magnum Opus Acquisition with a rating of Overweight and set a new price target of $10.00
SC 13G - Magnum Opus Acquisition Ltd (0001843121) (Subject)
SC 13G - Magnum Opus Acquisition Ltd (0001843121) (Subject)
SC 13G - Magnum Opus Acquisition Ltd (0001843121) (Subject)
25-NSE - Magnum Opus Acquisition Ltd (0001843121) (Subject)
8-K - Magnum Opus Acquisition Ltd (0001843121) (Filer)
NT 10-Q - Magnum Opus Acquisition Ltd (0001843121) (Filer)