Maquia Capital Acquisition CORP

Market Movers (8-K)

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Maquia Capital Acquisition Corporation announced a change in its independent registered public accounting firm from Marcum LLP to CBIZ CPAs P.C., effective May 29, 2025, while disclosing ongoing concerns about its ability to continue as a going concern and previously identified material weaknesses in internal controls.
Worse than expected
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Maquia Capital Acquisition Corporation has extended its deadline to complete a business combination to February 7, 2026, following a previous extension and a rejection from the SEC due to a scrivener's error.
Delay expected
Worse than expected
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Maquia Capital Acquisition Corporation has successfully extended the deadline to complete its initial business combination to January 7, 2025, following a shareholder vote.
Delay expected
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Maquia Capital Acquisition Corporation is set to be delisted from the Nasdaq Stock Market due to non-compliance with listing rules, and plans to move to the OTCQX market.
Worse than expected
Delay expected
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Velocium, a high-performance compute company specializing in AI infrastructure, is set to go public on Nasdaq through a merger with Maquia Capital Acquisition Corp.
Capital raise
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Maquia Capital Acquisition Corporation is facing potential delisting from the Nasdaq Stock Market due to a late financial filing and failure to complete a business combination within the required timeframe.
Worse than expected
Delay expected

Quarterly Earnings (10-Q)

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Maquia Capital Acquisition Corporation reported its financial results for the quarter ended September 30, 2024, while navigating a terminated business combination agreement and a new agreement, as well as a delisting from NASDAQ.
Worse than expected
Delay expected
Capital raise
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Maquia Capital Acquisition Corporation reported a net income of $969,441 for the second quarter of 2024, while facing delisting from Nasdaq and pursuing a new business combination.
Worse than expected
Delay expected
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Maquia Capital Acquisition Corporation reports a net loss for Q1 2024, faces business combination termination, and is under threat of delisting from Nasdaq.
Worse than expected
Delay expected

Annual Reports (10-K)

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Maquia Capital Acquisition Corporation has amended its business combination agreement with Immersed Inc., extending the closing deadline to May 7, 2024, and increasing the minimum cash condition.
Delay expected
Capital raise
Worse than expected

Insider Trading (Form 4)

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Velocium, a high-performance compute company optimized for AI, is set to go public on Nasdaq through a merger with Maquia Capital Acquisition Corp., valuing the company at $445 million.
Better than expected
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Maquia Capital Acquisition Corporation is pursuing a business combination with Immersed Inc., a spatial computing productivity app developer, as detailed in an investor presentation.
Capital raise
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Maquia Capital Acquisition Corporation and Immersed Inc. have amended their business combination agreement, extending the outside date to May 7, 2024, and increasing the required available cash at closing to $13.4 million.
Delay expected
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Maquia Capital Acquisition Corporation is set to merge with Immersed Inc., a spatial computing company, to enhance productivity for knowledge workers.
Capital raise

Proxy Statements (Def-14A)

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Maquia Capital Acquisition Corporation is working to rectify a scrivener's error in its charter amendment regarding the deadline for its initial business combination, after the SEC rejected its initial filing.
Worse than expected
Delay expected
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Maquia Capital Acquisition Corporation is seeking stockholder approval to extend the deadline for completing a business combination from February 7, 2025, to February 7, 2026.
Worse than expected
Delay expected
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Maquia Capital Acquisition Corporation's stockholders approved an amendment to extend the date to complete its initial business combination to January 7, 2025.
Delay expected
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Maquia Capital Acquisition Corporation is seeking stockholder approval to extend the deadline for completing a business combination from August 7, 2024, to January 7, 2025, while facing potential delisting from Nasdaq.
Worse than expected
Delay expected
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Maquia Capital Acquisition Corporation's annual meeting will address director elections and auditor ratification as the company navigates a delisting notice and business combination challenges.
Worse than expected
Delay expected