Maquia Capital Acquisition filed a registration statement with the SEC, laying out its proposed busioness combination with Immersed, a provider of enterprise AI productivity solutions that use spatial computing and virtual reality to transform work environments.
If the deal is approved, upon closing Immersed expects to list stock on the Nasdaq under the new ticker symbol AIMR. The company will remain headquartered in Austin, Texas.
The proposed business combination gives Immersed an implied pre-money enterprise value of $150 million.
Greenberg Traurig is legal advisor to Immersed. EF Hutton is capital markets advisor to Maquia and the law offices of Allan M. Lerner and Homer Bonner Jacobs Ortiz are legal advisors to Maquia. Read more.
