Maquia Capital Acquisition, a blank check company targeting tech-focused middle market and emerging growth businesses in North America, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering.
The Miami, FL-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and three-fourths of a warrant, exercisable at $11.50. At the proposed deal size, Maquia Capital Acquisition would command a market value of $255 million.
The company is led by CEO Jeff Ransdell, the founder and Managing Director of Fuel Venture Capital; COO Guillermo Cruz, who currently serves as the CEO and a Partner at ACAD & Board Solutions; CFO Jeronimo Peralta, the Managing Partner and CIO of Maquia Capital; and CIO Maggie Vo, General Partner and CIO of Fuel Venture Capital. The company plans to target technology-focused middle market and emerging growth businesses operating in North America with total enterprise values between $200 million and $1 billion.
Maquia Capital Acquisition was founded in 2020 and plans to list on the Nasdaq under the symbol MAQCU. Kingswood Capital Markets is the sole bookrunner on the deal.
