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Forbes to Present at Upcoming Investor Conferences
Rhea-AI Impact
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conferences
Rhea-AI Summary
Forbes Global Media Holdings is pursuing a business combination with Magnum Opus Acquisition Limited (NYSE: OPA), aiming to capitalize on digital transformation in the consumer, technology, and media sectors. Forbes' CEO Mike Federle and CFO Michael York will present at the ICR Virtual Conference on January 11, 2022, and the Needham Virtual Growth Conference on January 13, 2022. The business combination is expected to close in Q1 2022, resulting in a new listing under the symbol 'FRBS' on the New York Stock Exchange.
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NEW YORK--(BUSINESS WIRE)--
Forbes Global Media Holdings Inc., the iconic business information brand that convenes and curates the most influential leaders driving change, which is pursuing a business combination with Magnum Opus Acquisition Limited (NYSE: OPA), a publicly traded special purpose acquisition company focusing on the global consumer, technology and media sectors, today announced that management will present at the following upcoming investor conferences:
ICR Virtual Conference 2022
Forbes Chief Executive Officer Mike Federle and Chief Financial Officer Michael York will participate in a fireside chat hosted by Daniel Kurnos, Equity Research Analyst at The Benchmark Company, at the ICR Virtual Conference 2022. The discussion will take place on Tuesday, January 11, 2022 at 1:30 p.m. ET. If you would like to schedule a meeting with management please contact Brett.Milotte@icrinc.com.
24th Annual Needham Virtual Growth Conference
Forbes Chief Executive Officer Mike Federle and Chief Financial Officer Michael York will participate in a fireside chat hosted by Needham Equity Research Analyst Laura Martin at the 24th Annual Needham Virtual Growth Conference. The discussion will take place on Thursday, January 13, 2022 at 1:15 p.m. ET. If you would like to schedule a meeting with management please contact your Needham representative.
In August 2021, Forbes announced its plans to go public via a business combination with Magnum Opus, enabling the company to further capitalize on its successful digital transformation, using technology and data-driven insights to create more deeply engaged audiences, and associated high-quality and recurring revenue streams through a Direct-to-Consumer “DTC” strategy. In late November 2021, Magnum Opus filed a preliminary proxy with the Securities and Exchange Commission and shortly thereafter Forbes announced its year-to-date financial results through the third quarter of 2021.
The business combination is subject to customary closing conditions and is expected to be consummated in the first quarter of 2022. Upon the closing of the business combination, the company will operate under the Forbes name and is expected to be listed on the New York Stock Exchange trading under the new symbol “FRBS.”
About Forbes
Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 150 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 44 licensed local editions in 77 countries. Forbes Media’s Consumer provides premium membership and affiliate revenue offerings. Forbes Media’s brand extensions include real estate, education and financial services license agreements.
Forbes recently announced plans to go public through a business combination with Magnum Opus (NYSE: OPA), a special purpose acquisition company (SPAC), which is expected to close in Q1 of 2022.
Magnum Opus Acquisition Limited is a special purpose acquisition company sponsored by L2 Capital, a private investment firm. Magnum Opus is a partnership of enterprise builders and public and private market investment specialists with extensive experience operating and investing throughout the business life cycle from founding, scaling operations through public listing. Magnum Opus aims to partner with public ready enterprises at the forefront of convergence of consumption and technology. Magnum Opus’ mission is to support companies to realize their vision as they embark on their journey into the public markets and face new opportunities, challenges and stakeholders.
For more than 20 years, the ICR Conference has brought together management teams from public and private companies with institutional investors, sell-side research analysts, investment bankers, private equity professionals and select media. The premier platform for gaining insight into future trends and growth strategies as well as exchanging ideas has also become a must-attend networking event. The event is one of the largest investment conferences of the year, featuring presentations by more than 300 public and private companies, with attendance regularly exceeding 2,500.
In connection with the proposed transaction, Magnum Opus has filed a Preliminary Proxy Statement and plans to file a Definitive Proxy Statement with respect to the shareholders meeting of Magnum Opus to vote on the proposed transaction. Shareholders of Magnum Opus and other interested persons are encouraged to read the Preliminary Proxy Statement and, when available, any amendments thereto and the Definitive Proxy Statement as well as other documents to be filed with the SEC because these documents contain, or will contain, important information about Magnum Opus, Forbes and the proposed transaction. The Definitive Proxy Statement will be mailed to shareholders of Magnum Opus as of a record date to be established for voting on the proposed transaction. Once available, shareholders of Magnum Opus will also be able to obtain a copy of the proxy statements and other documents filed with the SEC without charge, by directing a request to: Unit 1009, ICBC Tower, Three Garden Road, Central, Hong Kong. The Preliminary Proxy Statement and, once available, the Definitive Proxy Statement can also be obtained, without charge, at the SEC’s website (www.sec.gov).
