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.
Portfolio Pulse from Benzinga Newsdesk
Immersed Inc., a provider of spatial computing software, is set to go public on Nasdaq via a merger with Maquia Capital Acquisition Corp. (NASDAQ:MAQCU). The transaction values Immersed at $150 million. The proceeds will be used to complete the development of its AI assistant, 'Curator', and its lightweight headset, 'Visor'. Post-merger, the company will trade under the ticker symbol 'AIMR'.
August 09, 2023 | 12:19 pm
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Maquia Capital Acquisition Corp. (NASDAQ:MAQCU) is merging with Immersed Inc., a spatial computing software provider. The merger will result in Immersed going public and trading under the ticker 'AIMR'.
The merger with Immersed Inc. is a significant event for Maquia Capital Acquisition Corp. as it will result in the latter going public. This could potentially increase the value of MAQCU shares in the short term due to the anticipation and potential growth prospects of Immersed Inc.
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