Maquia Capital Acquisition today in an 8-K disclosed that shareholders voting on a six-month deadline extension overwhelmingly approved the proposal. The SPAC now has until May 7 to complete a deal. Maquia said last month that it is “working diligently” toward a merger agreement with a target in the fintech sector.
The SPAC in the latest filing also disclosed that redemptions in connection with the extension vote wiped out $143.5 million of its cash in trust, leaving $36.9 million.
Maquia’s sponsor will loan 4.5 cents a share for every month required under the new extension deadline. Read more.
