MAQC SEC filings, in plain English
Everything Maquia Capital Acquisition Corp has filed with the SEC that we hold — 40 filings, newest first, 4 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Maquia Capital Acquisition Corporation called a special meeting for 10:00 a.m. Eastern Time on January 31, 2025 to approve an Extension Amendment, its IPO having been consummated May 7, 2021 and its business combination agreement with Velocium, Inc. signed July 15, 2024. The board believed there would not be sufficient time before January 31, 2025 to complete the transaction. The anticipated redemption price is approximately $12.01 per public share before taxes not yet withdrawn. Why it matters: A trust value of about $12.01 per share, well above the original $10.00, means holders who redeem capture nearly four years of accreted interest - the highest floor in this batch. Against that, a SPAC nearly four years past its IPO with a deal signed six months earlier and no time to close it is unlikely to deliver more. Sponsor and underwriter shares are excluded from trust distributions, so the full amount belongs to public holders.
What changed vs 2024-07-31deadline 2025-01-07 → 2026-02-07combination deadline1 moved
- Combination deadline
- 2025-01-072026-02-07
SpacBrain reads this as 396 days later than the previous record.
The clause “Shares (as defined below) if the Corporation is unable to complete its initial Business Combination by February 7, 2026 or such earlier date as determined by the Board (or, if the Office of the Delaware Division of Corporations shall not”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2024-08-23trust $11.6M → $1.6M -86%shares 997K → 136K -86%
trust account, redeemable shares, combination deadline +32 moved · 4 with no prior record of ours
- Trust account
- $11.6M$1.6M
- Redeemable shares
- 997K136K
- Combination deadline
- 2025-01-07 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $177K · unchanged
- Mandate language
- the Company intends to focus on companies in the technology-… · unchanged
SpacBrain reads this as $10,030,706 left the trust between the two filings.
The clause …“ 475,038 Total current assets 231,355 625,753 Investments held in the Trust Account 1,603,257 11,957,157 Total Assets $ 1,834,612 $ 12,582,910 LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS’”…
SpacBrain reads this as 861,653 shares are no longer redeemable.
The clause …“and outstanding as of September 30, 2024 and December 31, 2023, (excluding 135,663 and 1,090,718 shares subject to possible redemption as of September 30, 2024 and December 31, 2023, respectively) 271 271 Class B common stock,”…
The clause …“this the Company must locate a suitable target, engage that target with a business combination agreement, and submit the matter to shareholders for approval prior to January 7, 2025. Failure to do this will result in the liquidation”…
The clause …“has determined that the liquidity condition and timing of liquidation raises substantial doubt about the Company’s ability to continue as a going concern for the next twelve months from the issuance of these financial statements. No”…
The clause “1 or (ii) the consummation of the Initial Public Offering. In 2021, the Company borrowed $ 177,111 under this promissory note, which was repaid in full. As of September 30, 2024 and December 31, 2023, the balance outstanding under the”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2024-06-17trust $11.2M → $11.6M +4%deadline 2024-11-07 → 2025-01-07
trust account, combination deadline, going-concern doubt +32 moved · 4 with no prior record of ours
- Trust account
- $11.2M$11.6M
- Combination deadline
- 2024-11-072025-01-07
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $177K · unchanged
- Mandate language
- the Company intends to focus on companies in the technology-… · unchanged
- Redeemable shares
- 997K · unchanged
SpacBrain reads this as $415,465 was added to the trust between the two filings.
The clause …“ 475,038 Total current assets 225,561 625,753 Investments held in the Trust Account 11,633,963 11,957,157 Total Assets $ 11,859,524 $ 12,582,910 LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS’”…
SpacBrain reads this as 61 days later than the previous record.
The clause …“this the Company must locate a suitable target, engage that target with a business combination agreement, and submit the matter to shareholders for approval prior to January 7, 2025. Failure to do this will result in the liquidation”…
The clause …“unable to complete a business combination by that date. These matters raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that may be necessary”…
The clause “1 or (ii) the consummation of the Initial Public Offering. In 2021, the Company borrowed $ 177,111 under this promissory note, which was repaid in full. As of June 30, 2024 and December 31, 2023, the balance outstanding under the”…
The clause “38 issued and outstanding as of June 30, 2024 and December 31, 2023, (excluding 997,316 and 1,090,718 shares subject to possible redemption as of June 30, 2024 and December 31, 2023, respectively) 271 271 Class B common stock, par”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Maquia Capital Acquisition Corporation called a special meeting for August 7, 2024 at 10:00 a.m. ET on an extension amendment, its board having concluded there would not be sufficient time before that date to close. It entered a business combination agreement with Velocium, Inc. on July 15, 2024, three weeks before the deadline. Based on the current trust amount it anticipates a per-share redemption price of approximately $11.74. The sponsor owns 4,841,173 shares and underwriter EF Hutton holds 173,098 Class B shares; neither receives trust money on liquidation. Why it matters: The trust floor is roughly $11.74 per public share before taxes withheld, well above the $10.00 IPO price, so redemption remains an attractive exit and most public holders are likely to take it. Signing the Velocium agreement on July 15, 2024 for a deadline of August 7, 2024 leaves no realistic time to prepare a combination proxy, which is why the extension is needed rather than a deal vote. Sponsor and underwriter founder shares are excluded from trust proceeds, so their entire return depends on a deal closing, an incentive misaligned with redeeming holders.
What changed vs 2024-05-09deadline 2024-08-07 → 2025-01-07combination deadline, sponsor loans outstanding1 moved · 1 with no prior record of ours
- Combination deadline
- 2024-08-072025-01-07
- Sponsor loans outstanding
- $177Knot matched in this filing
SpacBrain reads this as 153 days later than the previous record.
The clause “Shares (as defined below) if the Corporation is unable to complete its initial Business Combination by January 7, 2025, or such earlier date as determined by the Board (or, if the Office of the Delaware Division of Corporations shall not”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
outside date1 moved
- Outside date
- 2024-05-072024-11-04
SpacBrain reads this as 181 days later than the previous record.
The clause …“SPAC or the Company if the Effective Time will not have occurred prior to November 4, 2024 (the “ Outside Date ”); provided, however, that the Business Combination Agreement may not be terminated by or on behalf of any party that”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2024-11-04 · unchanged
The clause …“SPAC or the Company if the Effective Time will not have occurred prior to November 4, 2024 (the “ Outside Date ”); provided, however, that the Business Combination Agreement may not be terminated by or on behalf of any party that”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2023-11-21trust $26.5M → $11.2M -58%deadline 2024-03-07 → 2024-11-07sponsor loan $956K → $177Kshares 1.09M → 997K -9%
trust account, combination deadline, sponsor loans outstanding +34 moved · 2 with no prior record of ours
- Trust account
- $26.5M$11.2M
- Combination deadline
- 2024-03-072024-11-07
- Sponsor loans outstanding
- $956K$177K
- Redeemable shares
- 1.09M997K
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus on companies in the technology-… · unchanged
SpacBrain reads this as $15,281,502 left the trust between the two filings.
The clause …“ 508,396 625,753 Due from Sponsor — — Investments held in the Trust Account 11,218,498 11,957,157 Total Assets $ 11,726,894 $ 12,582,910 LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS’”…
SpacBrain reads this as 245 days later than the previous record.
The clause …“has appealed this determination and seeks to extend the completion date to November 7, 2024, there can be no assurance that NASDAQ will grant this extension request. Because of the time limitations and the potential for delisting, 5”…
SpacBrain reads this as $778,637 of sponsor debt has come off.
The clause “1 or (ii) the consummation of the Initial Public Offering. In 2021, the Company borrowed $ 177,111 under this promissory note, which was repaid in full. As of March 31, 2024 and December 31, 2023, the balance outstanding under the”…
SpacBrain reads this as 93,402 shares are no longer redeemable.
The clause “8 issued and outstanding as of March 31, 2024 and December 31, 2023, (excluding 997,316 and 1,090,718 shares subject to possible redemption as of March 31, 2024 and December 31, 2023, respectively) 271 271 Class B common stock, par”…
The clause …“unable to complete a business combination by that date. These matters raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that may be necessary”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Maquia Capital Acquisition Corporation called its 2024 annual meeting for May 20, 2024 at 10 a.m. Eastern Time, record date May 2, 2024, to elect directors and ratify Marcum LLP. The IPO closed May 7, 2021 with gross proceeds of approximately $160 million; the trust was initially $10.15 per public share and had risen to $11.63 per public share as of December 31, 2023 through prior extensions. Nasdaq granted an extension under Listing Rule 5620(a) to hold the meeting by May 20, 2024. Why it matters: The trust has risen from $10.15 to $11.63 per public share, a real 14.6% gain that belongs to holders who redeem — the extension deposits did their job here, unlike SPACs paying flat monthly fees. Against that, insiders control roughly 78.4% of the vote, so public holders decide nothing at this meeting. Needing a Nasdaq waiver to hold an annual meeting at all signals a vehicle running well past its intended life.
sponsor loans outstanding, combination deadlinenothing moved · 2 with no prior record of ours
- Sponsor loans outstanding
- not previously extracted$177K
- Combination deadline
- 2024-08-07 · unchanged
The clause …“or (ii) the consummation of the initial public offering. In 2021, the Company borrowed $177,111 under this promissory note, which was repaid in full. As of December 31, 2021, the balance outstanding under the promissory note with our”…
The clause …“must consummate its initial business combination from February 7, 2024, to August 7, 2024 (or such earlier date as determined by the Board) (the “Fourth Extension”). The Company filed the Charter Amendment with the Secretary of State”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Maquia Capital Acquisition Corporation ('Maquia', a Delaware corporation) filed Amendment No. 2 to its Form S-4; the document inside is a PRELIMINARY PROXY STATEMENT/PROSPECTUS/CONSENT SOLICITATION STATEMENT subject to completion dated April 19, 2024. No explanatory note names the change. It registers 20,166,477 shares of Class A common stock, 8,654,860 warrants to purchase Class A common stock, and 8,654,860 shares of Class A common stock underlying those warrants, of Maquia — which will be renamed IMMERSED INC. The special meeting is at 10:00 a.m. Eastern Time on a date left blank. Why it matters: The registered ceiling is three lines — 20,166,477 Class A shares plus 8,654,860 warrants and the 8,654,860 shares those warrants would become — so the warrant leg is roughly 43% the size of the share leg and is a separate claim on the equity. The document is also a CONSENT SOLICITATION statement, not only a proxy, meaning approvals are being gathered by written consent from one constituency alongside the SPAC's shareholder vote. The meeting time is fixed at 10:00 a.m. ET but the date and webcast address are blanks, so no deadline follows from this version.
outside date1 moved
- Outside date
- 2024-04-072024-05-07
SpacBrain reads this as 30 days later than the previous record.
The clause …“No. 3 to the Business Combination Agreement for the purpose of extending the Outside Date to May 7, 2024. On February 5, 2024, the Company’s stockholders approved a third amendment to the Company’s Amended and Restated Certificate of”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2023-04-04trust $37.6M → $12.4M -67%deadline 2023-05-07 → 2024-08-07shares 3.54M → 1.09M -69%
trust account, combination deadline, mandate language +34 moved · 2 with no prior record of ours
- Trust account
- $37.6M$12.4M
- Combination deadline
- 2023-05-072024-08-07
- Mandate language
- we intend to target businesses larger than we could acquire …we intend to target businesses larger than we could acquire …
- Redeemable shares
- 3.54M1.09M
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $177K · unchanged
SpacBrain reads this as $25,137,982 left the trust between the two filings.
The clause …“combination. The following table assumes that (i) Maquia’s valuation is $12,432,195 (which is the amount Maquia held in the Trust Account as of December 31, 2023 plus the amount the Sponsor replenished the trust for in 2024), (ii)”…
SpacBrain reads this as 458 days later than the previous record.
The clause …“stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities on or before August 7, 2024. The Company entered into a definitive merger/business combination”…
SpacBrain reads this as 2,449,091 shares are no longer redeemable.
The clause …“and outstanding as of December 31, 2023 and 2022, respectively (excluding 1,090,718 and 3,539,809 shares subject to possible redemption as of December 31, 2023 and 2022, respectively) 271 58 Class B common stock, par value $”…
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern,” since we will cease all operations except for the purpose of liquidating if we are”…
The clause “1 or (ii) the consummation of the initial public offering. In 2021, the Company borrowed $177,111 under this promissory note, which was repaid in full. As of December 31, 2022, the balance outstanding under the promissory note with our”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.