Maquia Capital Acquisition said today that it closed the issuance of an additional 1,309,719 units pursuant to the partial exercise of the underwriters’ over-allotment option in connection with the SPAC’s IPO. At the offering price, the over-allotment raised an additonal $13 million for the SPAC.
Units list on the Nasdaq under MAQCU. Each consists of one share of Class A common stock and one-half of one redeemable warrant; whole warrants exercisable at $11.50. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under MAQC and MAQCW, respectively.
Maquia is targeting technology-focused middle market and emerging growth companies in North America. The SPAC raised $160 million in an IPO earlier this month. Read more.
