Maquia Capital Acquisition said its sponsor, Maquia Investments North America, has asked the SPAC to extend the merger deadline from Aug. 7 to Nov. 7. This is the second of two three-month extensions permitted under the company’s governing documents.
In return, the sponsor intends to deposit about $1.7 million(10 cents a share) into Maquia’s trust account by Aug. 7.
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.
