Maquia Capital Acquisition Corp. (MAQCU) Prices Downsized $160M IPO


Maquia Capital Acquisition Corp. (MAQCU) Prices Downsized $160M IPO

Maquia Capital Acquisition Corp. announced the pricing of its downsized $160 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MAQCU” Wednesday, May 5.

The new company intends to focus 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.

Total SPAC deal count for 2021 year-to-date is now 313. This offering is expected to close on Friday, May 7.

Kingswood Capital Markets, division of Benchmark Investments, Inc., is acting as the sole book running manager for the offering.  Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.