secwatch.observer — SEC 8-K summary
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Issuer:     Maquia Capital Acquisition Corp (—)
CIK:        0001844419
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001104659-24-060630
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Maquia Capital receives Nasdaq delisting notices for SPAC deadline and annual meeting failures
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- Nasdaq issued delisting notice May 7, 2024 for failing to complete a business combination within 36 months of IPO effectiveness.
- Company also failed to hold annual meeting within 12 months of fiscal year end; 45 days to submit compliance plan.
- Maquia appealed the SPAC deadline ruling on May 13 and submitted a plan to hold annual meeting by May 20, 2024.
- Securities continue trading pending Nasdaq's final determination; no guarantee of extension or listing retention.
- Non-compliance could ultimately result in delisting of common stock (MAQCU) from Nasdaq.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844419/000110465924060630/0001104659-24-060630-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844419/000110465924060630/tm2414170d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-060630

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