MAQUIA CAPITAL ACQUISITION CORPORATION AND IMMERSED INC. MUTUALLY AGREE TO TERMINATE BUSINESS COMBINATION AGREEMENT

May 23, 2024

Miami, Florida and Austin, Texas, May 23, 2024 (GLOBE NEWSWIRE) — Maquia Capital Acquisition Corporation, a special purpose acquisition company (Nasdaq:MAQC) (“Maquia”), and Immersed Inc., a Delaware corporation (“Immersed”), today announced that effective as of May 20, 2024 they mutually agreed to immediately terminate the previously announced Business Combination Agreement (the “Business Combination Agreement”),.

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