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

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Aug 09, 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.