Maquia Capital Seeks Another Extension

Maquia Capital Acquisition scheduled a May 5 meeting for shareholders to vote on its proposal for a termination extension fgrom from May 7 to Feb. 7, 2024.

Shareholders back in November approved an extension that expires next week, although redemptions at the time erased 80% of the SPAC's trust. Maquia held about $37 million in trust following those redemptions.

Maquia has said since late last year that it is “working diligently” toward a merger agreement with a target in the sector, although no other announcement has been made. Read more.

Source: Maquia Capital Seeks Another Extension