Maquia Capital Acquisition Corporation is a special purpose acquisition company (SPAC) organized as a Delaware corporation and listed on the Nasdaq under the ticker MAQCW for its warrants. The company completed its initial public offering in March 2021, raising $172.5 million through the sale of 17.25 million units, with each unit comprising one share of common stock and one-third of a warrant. Maquia Capital Acquisition’s trust account holds the IPO proceeds pending the identification and consummation of a business combination.
The SPAC was sponsored by Maquia Capital Partners, an investment firm with a focus on cross-border transactions and growth-oriented companies. Maquia Capital Acquisition seeks to target businesses in sectors such as technology, digital media, telecommunications, infrastructure and related areas, with a particular emphasis on opportunities in Asia and global markets. The company’s management team brings together professionals with backgrounds in private equity, investment banking and corporate finance, aiming to leverage their collective expertise to source, structure and execute a transformational merger or acquisition.
Under its governing agreements, Maquia Capital Acquisition has a two-year period, subject to a possible one-year extension upon shareholder approval, to complete a qualifying business combination. The SPAC’s capital structure includes public warrants exercisable for one share of common stock and, depending on transaction terms, potential earn-out shares linked to successful deal execution. Until a business combination is consummated, Maquia Capital Acquisition’s operations are limited to identifying targets, conducting due diligence and seeking shareholder support for a definitive merger agreement.
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