Hi Ames,

Thank you for raising this concern to Google Ads API support team.

With regard to your questions, please refer to my answers below:

I'm looking for more information around the Pmax migration. I don't want to 
transition many of my accounts given their positive performance on multiple 
channels and was wondering if in July this was optional?
Starting July 2022, automatic upgrades will begin to some of the accounts about 
this blog post. I am afraid that there is no way to opt out of these updates.

If its not, what does the time frame look like for migration and what will 
google do with the lack of assets?
As mentioned earlier, automatic upgrades will start in July. As for your 
inquiry about assets you should ensure minimum asset requirements are met as 
discussed in this document.

Lastly, will manual shopping campaigns still work or will Pmax target those 
conversions?
According to this blog post, An upgraded SSC will be marked as REMOVED status 
(metrics will continue to be available in the legacy campaign for historical 
purposes). There will also be a mapping from the previous campaign ID to the 
new Performance Max campaign ID. Budgets, assets, and settings of the existing 
SSC are preserved.

Best regards,

Jinky
Google Ads API Team
ref:_00D1U1174p._5004Q2YsV0k:ref

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