Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.

On November 4, 2021, Medicus Sciences Acquisition Corp. (the "Company") filed its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021 (the "Q3 Form 10-Q"), which included in Note 2, Revision of Previously Issued Financial Statements ("Note 2"), a discussion of the revision to a portion of the Company's previously issued financial statements for the classification of its Class A ordinary shares subject to redemption issued as part of the units sold in the Company's initial public offering ("IPO") on February 18, 2021. As described in Note 2, upon its IPO, the Company classified a portion of the Class A ordinary shares subject to redemption as permanent equity to maintain net tangible assets greater than $5,000,000 on the basis that the Company will consummate its initial business combination only if the Company has net tangible assets of at least $5,000,001. The Company's management re-evaluated the conclusion and determined that the Class A ordinary shares subject to redemption included certain provisions that require classification of the Class A ordinary shares subject to redemption should be treated as temporary equity regardless of the minimum net tangible assets required to complete the Company's initial business combination. As a result, management corrected the error by revising all Class A ordinary shares subject to redemption as temporary equity. This resulted in an adjustment to the initial carrying value of the Class A ordinary shares subject to possible redemption with the offset recorded to additional paid-in capital (to the extent available), accumulated deficit and Class A ordinary shares.

As described above, originally the Company determined the changes were not qualitatively material to the Company's previously issued financial statements and revised its previously financial statements in Note 2 in its Q3 Form 10-Q. However, upon further consideration of the material nature of the changes, the Company determined the change in classification of the Class A ordinary shares subject to redemption and change to its presentation of earnings per share are material quantitatively and the Company should restate its previously issued financial statements.

Therefore, on December 2, 2021, the audit committee of the board of directors of the Company determined that (i) the Company's audited balance sheet as of February 18, 2021 filed as Exhibit 99.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on February 24, 2021, (ii) the Company's unaudited financial statements as of March 31, 2021 contained in the Company's Quarterly Report on Form 10-Q filed with the SEC on May 24, 2021, (iii) the Company's unaudited financial statements as of June 30, 2021 contained in the Company's Quarterly Report on Form 10-Q filed with the SEC on August 5, 2021, and (iv) the Company's unaudited financial statements as of September 30, 2021 contained in the Q3 Form 10-Q (collectively, the "Affected Periods"), should no longer be relied upon due to the reclassification described above. As a result, the Company plans to restate its financial statements for all Affected Periods, to indicate that the classification error is a restatement and not a revision, in an amended Q3 Form 10-Q, which the Company intends to file as soon as practicable.

The Company's management has concluded that in light of the classification error described above, a material weakness exists in the Company's internal control over financial reporting and that the Company's disclosure controls and procedures were not effective as of September 30, 2021. The Company's remediation plan with respect to such material weakness will be described in more detail in an amended Q3 Form 10-Q.

The Company does not expect the changes described above to have any impact on its cash position or the balance held in the trust account.

The Company's management and the audit committee have discussed the matters disclosed in this Current Report on Form 8-K pursuant to this Item 4.02 with WithumSmith+Brown, the Company's independent registered public accounting firm.

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