Maquia Capital Acquisition priced its IPO of 16 million units at $10 each, down 20 percent from the 20 million units the new SPAc initially registered in February.
Each unit consists of one share of Class A common stock and one-half of one redeemable warrant. Whole warrants will be exercisable at $11.50 for a share.
Once the securities comprising the units begin separate trading, stock and warrants are expected to be listed on the Nasdaq under MAQC and MAQCW, respectively.
Maquia intends to focus its search on technology-focused middle market and emerging growth companies in North America. Read more.
