Maquia (NASDAQ: MAQCU), a publicly traded special purpose acquisition company, and Immersed, a leading provider of enterprise AI productivity solutions that use spatial computing to digitally transform the working environment, today announced entry into a definitive business combination agreement that will result in Immersed becoming a publicly listed company. According to the update, the transaction values Immersed at $150,000,000. Upon closing, the company is expected to be named Immersed Inc., with its common stock expected to trade on the Nasdaq Stock Market under the ticker symbol AIMR. “I am thrilled to partner with Renji [Renji Bijoy, founder and CEO of Immersed] and the entire team at Immersed as they continue to help global enterprises create efficiencies in their workforce through cutting-edge spatial computing software and build their ability to derive actionable intelligence from a global, full-stack artificial intelligence platform,” said Guillermo Eduardo Cruz, COO of Maquia. “We believe this combination is highly compelling based on Immersed’s innovative technology and potential to disrupt an entire sector in the future.”
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About Maquia Capital Acquisition Corp
Maquia is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with a business. Maquia is focused on partnering with a high-quality software or technology-enabled growth business serving consumers or enterprises. For more information about the company, visit MaquiaCapital.com.
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