Streetbeat News

MAQC

Maquia Capital Acquisition Corporation

Industry

Shell Companies

Maquia Capital Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on technology-focused middle market and emerging growth companies in North America. Maquia Capital Acquisition Corporation was incorporated in 2020 and is based in Miami, Florida.

Open

10.83

Mkt cap

55M

Volume

167

High

11.40

P/E Ratio

-54.10

52-wk high

11.50

Low

10.82

Div yield

N/A

52-wk low

10.59

Maquia Capital Acquisition Corporation (NASDAQ:MAQC), a SPAC, has filed a registration statement with the SEC for a proposed business combination with Immersed Inc., a provider of enterprise AI productivity solutions. The combined entity will be named 'Immersed Inc.' and will list on Nasdaq under the ticker 'AIMR'. Immersed has over 730,000 unique users and users spent 20 million minutes on its application in Q3 2023. The deal sets Immersed's pre-money enterprise value at $150 million and is expected to close in the first half of 2024, subject to approvals.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:03 pm

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'.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:19 pm

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