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TechMediaBreaks – Maquia Capital Acquisition Corp. (NASDAQ: MAQCU), Immersed Inc. Announced Planned Merger

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.”

To view the full press release, visit https://ibn.fm/0QAl2

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.

About TechMediaWire

TechMediaWire (“TMW”) is a tech-focused financial news and content distribution company, one of 50+ brands within IBN, providing: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a specialized communications platform with an extensive team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public tech companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By putting a spotlight on the latest and greatest in the tech industry, TMW brings its clients unparalleled visibility, recognition and brand awareness. TMW is where investors come to learn about the next big things in tech and the companies that are making them happen.

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TechMediaWire (TMW)
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www.TechMediaWire.com
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