Liquidation: Maquia Capital Acquisition Corp

Form Type: DEFA14A

Filing Date: 2025-01-31

Corporate Action: Liquidation

Type: Update

Accession Number: 000110465925008199

Filing Summary: On January 31, 2025, Maquia Capital Acquisition Corporation reported on its special meeting held on August 7, 2024, where stockholders approved an amendment to extend the deadline for consummating an initial business combination from August 7, 2024, to January 7, 2025. However, due to a clerical error, the intended date was February 7, 2025. The SEC, unaware of this error, determined that the company should liquidate and return funds to investors following a comment letter on January 15, 2025, rejecting the proxy materials first filed on January 10, 2025. In response, stockholders amended the initial business combination deadline to February 7, 2026. The document elaborates on the voting outcomes, with 4,988,282 shares supporting the Extension Amendment Proposal against 0 opposed and 76,516 shares redeemed for cash. The SEC's ruling necessitates a clarification of the corporate action to avoid miscommunication regarding the liquidation process.