Maquia Capital Acquisition Corp

Maquia Capital Acquisition Corp. is a blank check company. It engages in effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The company was founded by Jeff Ransdell on December 10, 2020 and is headquartered in Miami, FL.

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Maquia Capital Acquisition Corp. is a blank check company. It engages in the business of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities. The company was founded by Jeff Ransdell on December 10, 2020 and is headquartered in Miami, FL.

Miami, Florida, Aug. 02, 2024 (GLOBE NEWSWIRE) -- On May 7, 2024, Maquia Capital Acquisition Corporation (“Maquia” or the “Company”) received a notice from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) that Maquia was not in compliance with Nasdaq Listing Rule IM-5101-2 requiring a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement triggering the issuance of a Staff Delisting Determination under Rule 5810 to delist the Company's securities. Because the Company was unable to complete a business combination by the end of the 36-month period, the Company was not in compliance. In conformity with the Listing Rules, the Company filed an appeal on May 13, 2024. A hearing on this matter was held by the Nasdaq Hearings Panel (“Panel”) on June 20, 2024.

Maquia Capital Acquisition Corporation Plans to Trade OTC After Delist from Nasdaq

Miami, Florida, May 24, 2024 (GLOBE NEWSWIRE) -- On May 22, 2024, Maquia Capital Acquisition Corporation (“Maquia” or the “Company”), received a notice from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) (the “Notice”) that Maquia was delinquent in the filing of its periodic Form 10Q Report with the Securities and Exchange Commission (the “SEC”) for the period ending March 31, 2024 and that Nasdaq has initiated a process which could result in the delisting of the Company's securities from Nasdaq Stock Market as a result of the Company not being in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”), which requires listed companies to file in a timely manner all required periodic financial reports with the SEC. The Company intends to timely appeal the Notice and request a hearing in accordance with NASDAQ Listing Rule 5815(a)(1)(B). A request for a hearing regarding a delinquent filing will stay the suspension of the Company's securities for a period of 15 days from the date of the request. The Company is working diligently to file the delinquent periodic report as soon as possible to regain full compliance with the Listing Rule. There can be no assurance that Nasdaq will accept the Company's plan to regain compliance or that the Company will be successful in implementing its plan to regain compliance with the Rule, by filing the Report with the Commission

Maquia Capital Acquisition Corporation

Miami, Florida and Austin, Texas, May 23, 2024 (GLOBE NEWSWIRE) -- Maquia Capital Acquisition Corporation, a special purpose acquisition company (Nasdaq: MAQC) (“Maquia”), and Immersed Inc., a Delaware corporation (“Immersed”), today announced that effective as of May 20, 2024 they mutually agreed to immediately terminate the previously announced Business Combination Agreement (the “Business Combination Agreement”),.

MAQUIA CAPITAL ACQUISITION CORPORATION AND IMMERSED INC. MUTUALLY AGREE TO TERMINATE BUSINESS COMBINATION AGREEMENT

Miami, FL, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Maquia Capital Acquisition Corporation (“Maquia” or the “Company”) (Nasdaq: “MAQC”, “MAQCU”, “MAQCW”) announced today that, in connection with the Company's upcoming special meeting of the stockholders (the “Special Meeting”) to consider and approve an extension of time for the Company to consummate an initial business combination from February 7, 2024 to August 7, 2024 (the “Extension”), on January 23, 2024, Maquia Investments North America, LLC (the “Sponsor”) or its designees and, Maquia Capital Acquisition Corporation (the “Company”) commenced negotiation with unaffiliated third parties (“Third Parties”) for a non-redemption agreement (“Non-Redemption Agreement”) in which such third parties would agree not to redeem a currently unspecified number shares of the Company's Class A common stock purchased by such Third Parties in the initial public offering (“Non-Redeemed Shares”) in connection with the special meeting of the stockholders called by the Company (the “Special Meeting”) to consider and approve an extension of time for the Company to consummate an initial business combination (the “Extension Proposal”) from February 7, 2024 to August 7, 2024 (the “Extension”). In exchange for the foregoing commitments not to redeem such Non-Redeemed Shares, the Sponsor has agreed to transfer to such Third Parties  2.5% per month of the Non-Redeemed Shares up to a maximum of 6 months (depending upon the month the initial business combination is consummated), of the Company's Class A common stock held by such Third Parties, immediately following the consummation of an initial business combination, if the Third Parties continue to hold such Non-Redeemed Shares through the Special Meeting.

MAQUIA CAPITAL ACQUISITION CORPORATION ANNOUNCES SPONSOR MONTHLY CONTRIBUTION OF 2.5% ADDITIONAL FOUNDER SHARES FOR EXTENSION AMENDMENT

AUSTIN, Texas, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Maquia Capital Acquisition Corporation (Nasdaq: MAQC) (“Maquia”), a publicly traded special purpose acquisition company (“SPAC”), announced today that on November 9th it filed a registration statement on Form S-4 (the "Registration Statement") with the U.S. Securities and Exchange Commission (“SEC”), which includes a preliminary proxy statement and prospectus in connection with its proposed business combination with Immersed, Inc. (“Immersed” or the “Company”), a leading provider of enterprise AI productivity solutions that use spatial computing to digitally transform the working environment. Upon closing of the proposed business combination, the combined company is expected to be named “Immersed Inc." and to list its common stock on Nasdaq under the new ticker symbols “AIMR”. The Company will continue to be headquartered in Austin, Texas, and will continue to be led by Renji Bijoy (Forbes 30 Under 30, 2021 and Georgia Tech Hall of Fame, 2021), Founder and CEO of Immersed.

Maquia Capital Acquisition Corporation Announces Filing of Registration Statement on Form S-4 in Connection With Its Proposed Business Combination with Immersed Inc.

Immersed is among the leading enterprise productivity providers of spatial computing software that allows users to work full-time in virtual AR/VR spaces, with over 730,000 unique users to date The transaction values Immersed at $150,000,000 Proceeds from the transaction are expected to enable Immersed to complete the development of its cutting-edge AI assistant, “Curator”, and deliver its purpose-built, lightweight headset, “Visor” AUSTIN, Texas, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Immersed Inc., a leading provider of enterprise AI productivity solutions that use spatial computing to digitally transform the working environment ("Immersed" or the "Company") and Maquia Capital Acquisition Corp. (NASDAQ: MAQCU) ("Maquia"), a publicly traded special purpose acquisition company, announced today that they have entered into a definitive business combination agreement that will result in Immersed becoming a publicly listed company. The transaction values Immersed at $150,000,000.

Immersed Inc., a Global Leader in Spatial Computing Software Optimized for Enterprise, to go Public on Nasdaq via a Merger with Maquia Capital Acquisition Corp.

Miami, FL, May 04, 2023 (GLOBE NEWSWIRE) -- Maquia Capital Acquisition Corporation (“Maquia” or the “Company”) (Nasdaq: “MAQC”, “MAQCU”, “MAQCW”) announced today that, in connection with the Company's upcoming special meeting of the stockholders (the “Special Meeting”) to consider and approve an extension of time for the Company to consummate an initial business combination from May 7, 2023 to February 7, 2024 (the “Extension”), Maquia Investments North America, LLC (the “Sponsor”) or its designees have agreed to contribute to the Company as a loan an aggregate of $ 0.025 for each share of Class A commons stock that is not redeemed, for each calendar month (commencing on May 7, 2023 and on the 7th day of each subsequent month) until February 7, 2024 (each, an “Extension Period”), or portion thereof, that is needed to complete an initial business combination (the “Contribution”). For example, if the Company takes until February 7, 2024, to complete its initial business combination, which would represent nine calendar months, the Sponsor or its designees would make aggregate Contributions resulting in a redemption amount of approximately $11.135 per unredeemed share, in comparison to the current redemption amount of $10.91 per share.

MAQUIA CAPITAL ACQUISITION CORPORATION ANNOUNCES MONTHLY SPONSOR CONTRIBUTION OF $0.025 PER SHARE TO TRUST ACCOUNT FOR PROPOSED EXTENSION AND POSTPONEMENT OF STOCKHOLDER MEETING TO 5:00 PM EASTERN TIME MAY 5, 2023

Miami, FL, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Maquia Capital Acquisition Corporation (“Maquia” or the “Company”) (Nasdaq: “MAQC”, “MAQCU”, “MAQCW”) today announced that it is working diligently with a target company (the “Target”) toward a definitive agreement. The Company considers the Target to be a potentially high-growth company in the fintech sector. The Company expects to announce additional details regarding the currently proposed business combination over the next months in the event of the execution of any definitive agreement. No assurances can be made that the parties will successfully negotiate and enter into a definitive agreement, or that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or at all. Any transaction would be subject to board and stockholder approval of both companies, regulatory approvals and other customary conditions.

MAQUIA CAPITAL ACQUISITION CORPORATION (NASDAQ:MAQC) ADVANCES TOWARDS A DEFINITIVE AGREEMENT TO CLOSE A BUSINESS COMBINATION

Miami, FL, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Maquia Capital Acquisition Corporation (“Maquia” or the “Company”) (Nasdaq: “MAQC”, “MAQCU”, “MAQCW”) announced today that the special meeting in lieu of annual meeting of stockholders (the “Meeting”) originally scheduled for Tuesday, November 1, 2022, is being postponed to Thursday, November 3, 2022. At the Meeting, stockholders will be asked to vote on a proposal to approve an extension of the date by which Maquia must consummate an initial business combination from November 7, 2022 to May 7, 2023, or such earlier date as determined by the Company's board of directors (the “Charter Extension”).

MAQUIA CAPITAL ACQUISITION CORPORATION ANNOUNCES CHANGE OF SPECIAL MEETING OF STOCKHOLDERS DATE TO NOVEMBER 3, 2022

Miami, FL, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Maquia Capital Acquisition Corporation (NASDAQ: MAQC) (the “Company”) announced today that its sponsor, Maquia Investments North America, LLC (the “Sponsor”), has deposited an additional payment in the aggregate of $1,730,971.90 (representing $0.10 per public share) (the “Extension Payment”) into the Company's trust account for its public stockholders. This deposit enables the Company to extend the date by which the Company has to complete its initial business combination from August 7, 2022 to November 7, 2022 (the “Extension”). The Extension is the second of two three-month extensions permitted under the Company's governing documents.

Maquia Capital Acquisition Corporation Confirms Additional Funding and Extension of Deadline to Complete Initial Business Combination

Miami, FL, May 06, 2022 (GLOBE NEWSWIRE) -- Maquia Capital Acquisition Corporation (NASDAQ: MAQC) (the “Company”) announced today that its sponsor, Maquia Investments North America, LLC (the “Sponsor”), has deposited an aggregate of $1,730,971.90 (representing $0.10 per public share) (the “Extension Payment”) into the Company's trust account for its public stockholders. This deposit enables the Company to extend the date by which the Company has to complete its initial business combination from May 7, 2022 to August 7, 2022 (the “Extension”). The Extension is the first of two three-month extensions permitted under the Company's governing documents.

Maquia Capital Acquisition Corporation Confirms Funding and Extension of Deadline to Complete Initial Business Combination

Miami, FL, May 04, 2022 (GLOBE NEWSWIRE) -- Maquia Capital Acquisition Corporation (NASDAQ: MAQC) (the “Company”) announced today that its sponsor, Maquia Investments North America, LLC (the “Sponsor”), has requested that the Company extend the date by which the Company has to consummate a business combination from May 7, 2022 to August 7, 2022 (the “Extension”). The Extension is the first of two three-month extensions permitted under the Company's governing documents. In connection with the Extension, the Sponsor has notified the Company that it intends to deposit an aggregate of $1,730,971.90 (representing $0.10 per public share) into the Company's trust account on or before May 7, 2022. The Extension provides the Company with additional time to complete its initial business combination.

Maquia Capital Acquisition Corporation Announces Extension of Deadline to Complete Business Combination

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