Maquia Capital Acquisition announced today that its stockholder meeting originally scheduled for Tuesday, Nov. 1 and postponed until today has been adjourned until 10 a.m. tomorrow. Stockholders are expected to vote on a deadline extension that would give the SPAC until May 7, 2023 to complete a deal. The current deadline expires Nov. 7.
Maquia’s sponsor yesterday agreed to increase a planned loan contribution to the trust to 4.5 cents a share, up from 3.33 cents a share.
Further, the SPAC said Monday that it is “working diligently” toward a merger agreement with a target in the fintech sector. Read more.
