secwatch.observer — SEC 8-K summary
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Issuer:     Maquia Capital Acquisition Corp (—)
CIK:        0001844419
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001213900-23-042861
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Maquia Capital Enters Working Capital and Extension Notes with Sponsor
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- Issued $250,000 working capital note to Maquia Investments North America on May 22, 2023, due at business combination or liquidation.
- Issued up to $245,411.55 extension note to sponsor, with first $27,267.95 deposited into trust on May 15, 2023.
- Stockholders approved charter amendment extending initial business combination deadline from May 7, 2023 to February 7, 2024.
- Extension note requires monthly deposits of $27,267.95 into trust account for unredeemed public stockholders.
- Both notes are interest-free and repayable upon consummation of business combination or liquidation of the company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844419/000121390023042861/0001213900-23-042861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844419/000121390023042861/ea179246-8k_maquia.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-042861

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