Maquia Capital Acquisition Corporation Advances Towards A Definitive Agreement To Close A Business Combination

10/31/22 8:30:04 AM ET

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Maquia Capital Acquisition Corporation ("Maquia" or the "Company") (Nasdaq: "MAQC", "MAQCU", "MAQCW") today announced that it is working diligently with a target company (the "Target") toward a definitive agreement. The Company considers the Target to be a potentially high-growth company in the fintech sector. The Company expects to announce additional details regarding the currently proposed business combination over the next months in the event of the execution of any definitive agreement. No assurances can be made that the parties will successfully negotiate and enter into a definitive agreement, or that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or at all. Any transaction would be subject to board and stockholder approval of both companies, regulatory approvals and other customary conditions.

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Maquia Capital Acquisition Corporation Advances Towards A Definitive Agreement To Close A Business Combination

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