secwatch.observer — SEC 8-K summary
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Issuer:     Maquia Capital Acquisition Corp (—)
CIK:        0001844419
Form:       8-K/A
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001104659-24-046877
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Maquia Capital restates 2022 and 2023 financials due to redemption overpayment; material weakness cited
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- Audit committee concluded no reliance on audited 2022 and Q1-Q3 2023 financials due to overpayment of redemptions.
- Adjustments increase Due from Sponsor by $209K-$217K; redemption price per share up $0.06-$0.20 across periods.
- CEO and CFO found disclosure controls ineffective due to material weakness in internal controls over financial reporting.
- Restatements included in Note 2 of 2023 10-K expected to be filed April 15, 2024.
- Overpayment originally reported in Form 8K filed March 27, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844419/000110465924046877/0001104659-24-046877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844419/000110465924046877/tm2411775d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-046877

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