Maquia Capital Acquisition Corporation agreed to acquire Immersed Inc. for approximately $150 million.
The deal value does not include the proceeds of $160 million that Maquia Capital Acquisition raised in May 2021, the sources said, adding that Immersed is in talks to raise additional financing through a private investment in public equity (PIPE). After the deal closes, Immersed will be listed on the Nasdaq under the ticker "AIMR", the sources said.