Maquia SPAC and Immersed amend BCA: extension to May 7, backstop raised to $13.4M

Maquia Capital Acquisition Corp

Amended BCA extends termination date from April 7, 2024 to May 7, 2024.
Available Cash required at closing increased from $11.9M to $13.4M under Backstop Agreement.
Sponsor replenished $254,680 ($248,168 + $6,512 interest) to Trust for prior overwithdrawal.
No other material changes to Business Combination Agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Maquia Capital Acquisition Corp amended Amendment No. 3 to the Business Combination Agreement with Immersed Inc. valued at Extends Outside Date to May 7, 2024; increases Available Cash to $13,400,000 (effective 2024-04-05).

Action: amendment
Agreement: merger
Counterparty: Immersed Inc.
Value: Extends Outside Date to May 7, 2024; increases Available Cash to $13,400,000
Effective: 2024-04-05

Exact text from the filing

On April 5, 2024, Maquia, the Company and Merger Sub entered into Amendment No. 3 to the Business Combination Agreement (the " Amended BCA ") to amend the following term: Outside Date Extension.

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Source: SEC EDGAR

accession 0001104659-24-045288

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