Maquia Capital Acquisition in an 8-K said it and merger partner Immersed have amended their business combination agreement to extend the outside completion date from March 7 to April 7. No other material changes were made to the agreement.
The proposed business combination gives VR-focused Immersed an implied pre-money enterprise value of $150 million.
The target is 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. Read more.
