Maquia Capital Acquisition said that its sponsor, Maquia Investments North America, has asked for a three-month merger deadline extension until Aug. 7.
Maquia’s sponsor intends to deposit $1.73 million, or about 10 cents a share, into the trust account by May 7. The extension is necessary, the SPAC said, provides the Company with additional time to complete a business combination.
Miami-based Maquia is targeting technology-focused middle market and emerging growth companies in North America. The SPAC raised $160 million in a May 2021 IPO. Read more.
