Maquia Capital Acquisition Corporation Announces Closing of Over-Allotment Option in Connection With Its Initial Public Offer...
May 12 2021 - 11:30AM
Maquia Capital Acquisition Corporation (the “Company”) announced
today that it has closed the issuance of an additional 1,309,719
units pursuant to the partial exercise of the underwriters’
over-allotment option in connection with the Company’s initial
public offering. The units are listed on the Nasdaq Capital Market
(“Nasdaq”) under the ticker symbol “MAQCU”. Each unit consists of
one share of the Company’s Class A common stock and one-half of one
redeemable warrant. Each whole warrant entitles the holder thereof
to purchase one share of Class A common stock at a price of $11.50
per share. Only whole warrants are exercisable and will trade.
Once the securities comprising the units begin separate
trading, shares of the Class A common stock, rights and warrants
are expected to be listed on Nasdaq under the symbols “MAQC” and
“MAQCW,” respectively.
The Company is a blank check company formed for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses. While the Company may pursue an initial
business combination target in any business or industry, it intends
to focus its search on technology-focused middle market and
emerging growth companies in North America. The Company is led by
Chief Executive Officer, Jeff Ransdell, Chief Financial Officer,
Jeronimo Peralta, Chief Operating Officer, Guillermo Cruz, and
Chief Investment Officer, Maggie Vo.
Kingswood Capital Markets, division of Benchmark Investments,
Inc., acted as the sole book running manager for the offering.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from Kingswood Capital Markets,
division of Benchmark Investments, Inc., Attn: Syndicate
Department, 17 Battery Place, Suite 625, New York, New York 10004,
by telephone at (212) 404-7002, by fax at (646) 861-4697, or by
email at syndicate@kingswoodcm.com, or by visiting EDGAR on the
SEC’s website at www.sec.gov.
A registration statement relating to these securities has been
declared effective by the Securities and Exchange Commission
(“SEC”) on May 4, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
anticipated use of proceeds. No assurance can be given that the net
proceeds of the offering will be used as indicated. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company’s registration statement and
final prospectus for the offering filed with the SEC, copies of
which are available on the SEC’s website, www.sec.gov. The
Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
Contact
Guillermo Eduardo Cruz RuizChief Operating
Officerguillermo@maquiacapital.com
Maquia Capital Acquisition (NASDAQ:MAQCW)
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