Maquia Capital Pushes Back Outside Date on Immersed Deal by 1 Month

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.

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Integrated Rail and Resources Files for $275M IPO

The new SPAC in the filing said its focus is on North American railroad companies that transport bulk commodities, terminal companies that transload bulk commodities to and from railroads and pipelines, trucks, and ports, the companies that produce bulk commodities moved by railroads in large volumes, and the rail cars that are used to transport bulk commodities.