MAQC
Maquia Capital Acquisition Corp
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Monday’s Play 🚀?! DWAC, MARK, BENE, PHUN, MAQC, or ZGYH
Republic / Trump related Pre-DA SPACS ($DWAC, $PHUN, $BENE, $ZGYH play)
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Didn't CST backstop the Trust for $CNGL? I think it trades now too so you can exit. Good time to exit $MAQC before it gets tricky. $MNTN money is frozen and doesn't trade which is the worse to me because you can't exit. Rough times for SPAC arbs.
Maquia Capital Acquisition Corp ($MAQC) recently filed its 10-Q on 11-26-2024. They reported $1,603,257 in Trust Account and only 135,663 redeemable shares outstanding. What's interesting is instead of the common reported amount due for Income Tax and Franchise Tax, Maquia has reported a Income Tax Receivable of $111,455. Does this Income Tax Receivable go back into trust account? Here is what Maquia says: "Due to the failed deal with Immersed cancelled during the three and nine months ended September 30, 2024, the Company was able to utilize failed deal costs in its tax provision, and therefore recorded a tax benefit. In connection with the benefit and amounts paid in 2024, the Company recorded an income tax receivable of $111,455 and a deferred tax asset of $71,045 on the accompanying consolidated balance sheet as of September 30, 2024. **In accordance with the investment management trust agreement, the Company used earnings from the trust to settle its tax liabilities. Therefore, any tax receivable or asset on previously paid and incurred taxes will be returned to the trust once received from taxing authorities**." [https://www.sec.gov/Archives/edgar/data/1844419/000141057824002056/maqcu-20240930x10q.htm](https://www.sec.gov/Archives/edgar/data/1844419/000141057824002056/maqcu-20240930x10q.htm) The answer is indeed yes. This $111,455 will be returned to trust. This is a substantial amount for this SPAC since it has a very low share count and cash held in trust. When this money is received, it will significantly alter the NAV calculation. The question now is when will the cash be returned to the trust account? With an upcoming redemption date of 1-7-2025, if the cash is returned to trust account before redemption date, this could increase the NAV significantly. From my understanding, refunds on income tax receivables can be processed and refunded at any time of the year. This income tax benefit was realized in Q3. Will be interesting to see if this income tax benefit will make it into trust account before redemption.
[Velocium, Inc., a High Performance Compute Company Optimized for AI, to go public on Nasdaq via Merger with Maquia Capital Acquisition Corp](https://www.globenewswire.com/en/news-release/2024/07/20/2916097/0/en/Velocium-Inc-a-High-Performance-Compute-Company-Optimized-for-AI-to-go-public-on-Nasdaq-via-Merger-with-Maquia-Capital-Acquisition-Corp.html) \- MAQC MAQCW Friday night DA announcement. MAQC has until August 7 to complete a business combination, so they also filed a PRE 14A preliminary proxy on Friday to hold a shareholder meeting to extend to January 7, 2025; in that proxy they mention [they signed the DA with Velocium on July 15](https://www.sec.gov/Archives/edgar/data/1844419/000110465924080936/tm2419800d1_pre14a.htm#:~:text=We%20entered%20into%20a%20Business%20Combination%20Agreement%20with%20Velocium%2C%20Inc).
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>MAQC has until August 7, 2024 to complete a business combination, extend again, or liquidate. I think it's a game over. They already used 36 months. Quote: Maquia was not in compliance with Nasdaq Listing Rule IM-5101-2 requiring a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement triggering the issuance of a Staff Delisting Determination under Rule 5810 to delist the Company's securities. The Company appealed this ruling and provided a plan to regain compliance on May 13, 2024.
[Maquia Capital Acquisition Corp and Immersed Inc Mutually Terminate Business Combination Agreement](https://www.sec.gov/Archives/edgar/data/1844419/000110465924064323/tm2415009d1_8k.htm) \- MAQC MAQCW "Maquia intends to continue to identify and pursue a business combination with an appropriate target." MAQC has until August 7, 2024 to complete a business combination, extend again, or liquidate.
$MAQC has an offer at 10.65, I bought a little bit, seems like free money. No merger vote any time soon, trust is like 10.95 ?
MAQC is doing 4.5 cents per month on the 7th of each month, with 3 more to go.
Miami, FL, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Maquia Capital Acquisition Corporation ("Maquia" or the "Company") (Nasdaq: "MAQC", "MAQCU", "MAQCW") announced today that Maquia Investments North America, LLC (the "Sponsor") will increase its contribution to Maquia's trust account from $0.0333 to $0.045 for each share of Class A common stock (as further detailed below), in connection with the stockholder vote to approve an amendment to its charter to extend the date by which Maquia has to complete an initial business combination from November 7, 2022 to May 7, 2023, or such earlier date as determined by the Company's board of directors (the "Charter Extension").
"Effective October 11, 2022, Patrick Orlando resigned as director of Maquia Capital Acquisition Corporation (“Maquia Capital”). Mr. Orlando’s resignation [was not the result of any disagreement](https://www.sec.gov/Archives/edgar/data/1844419/000110465922108091/tm2227956d1_8k.htm) with Maquia Capital’s operations, policies or practices." MAQC MAQCW Wonder if it was the result of any ongoing investigations.
MAQC_W up 13% today, catching my eye as it has now doubled in price from ATL of $0.11 on May 4th, so I went news searching... extension filed and approved apparently this afternoon. https://finance.yahoo.com/news/maquia-capital-acquisition-corporation-confirms-203000141.html Just posting some hopium for potential other holders.
We’ve all been there man. I did the same shit with MAQC warrants when they ran up in November. I’ll never forget that. Watched BENE warrants run to $6 so I didn’t sell maqcw when they hit around $2 and then watched all my gains evaporate before my eyes lol. Still stings to thing about it but I try to use it as a lesson
MAQC is already up? Hm that’s not looking good for my almost 50 cent average
Media spacs in the 400m+ range (which seems to be the right range for OF’s new higher valuation): HZON - 500m LMACA - 500m SCRM - 750m ARGU looks interesting- only 300m BUT: “"businesses in the media/entertainment/sports industry including “over-the-top” digital streaming, mobile gaming/interactive entertainment, digital media including advertising/marketing technology, health and wellness/lifestyle, live events/experiential consumer-facing technology, and related industries"” Also some targets being discussed for other reasons on r/spacs - AVAN - 750m IGAC - 375m IPOD - 575m IPOF - 1438m “OF”! MAQC - 224m
How do you know about deadline? I think you are mistaken. MAQC deadline will be on 26th October, which is 7 months from now, not 2 months as you say. The Maquia IPO was 311 days ago, meaning it still has plenty of time. I personally still keep 17,500 MAQC warrants with average $0.5 and don't plan to sell MAQCW any time soon, because of highly experienced team.
Ugh I'm still holding MAQC...why I bought those I'll never know
I sold MAQC warrants at .17, because the deadline is coming up in 2 months and there's no DA. I used that money to buy MACC warrants at the same price .17. Their deadline is about a year away. My theory is that MACC is just oversold and should bounce back with the market. But MAQC deserves its price and may continue to drop as we get closer to deadline. But someone said that near the deadline is the time to buy, not sell, because there's usually news near the deadline. But is this true for SPACS with no DA? How would i even find the statistics on this? Liquidations are rare it seems, so the chance of extension or DA are good. But is the trend already changing towards more liquidations? We had ZGYH and a couple others... Isn't that already a historical increase compared to pre-2021?
Finally sold my MAQC warrants. Might need to sell TACA too. Lesson learned: don't buy warrants with deadlines less than 8 months away. Generally, just don't buy anything created with less than 24 months.
**Fun fact**: Terran Obrital was funded in 2019 by another SPAC owner Jeff Ransdell (ticker MAQC). And now it's going public through the SPAC again!
Favorite warrant on fire sale? Mine is MAQC near .20. what's yours?
Thanks. Yes, chances of finding a target are quite high. In the interview, their CFO Jeff Ransdell said that they have two potential targets. Why am I sure that they'll find a target? He has 20 years of experience in Wall Street / Venture Capital. They have \~25 companies in their portfolio. He was able to find them with much smaller amounts of cash. In my personal opinion, MAQC is highly underrated good SPAC. Worth buying back, even if warrants are dropping.
I had about 9,000 MAQC warrants with average \~$0.55 before the pop. I knew it's not gonna last for too long. So I sold all of them for around $1.5-1.8. About a month ago I bought them again 17,500 for $0.5 each. Now I'm down 60% on them, around $5k unrealized loss. According to my own analysis, one of the potential targets is [Greenhouse Software](https://en.wikipedia.org/wiki/Greenhouse_Software). But it's not set in stone. Maybe something else. Gonna buy more if warrants keep dipping.
I have MAQC from almost day one after unit split and LMAO just in last week for reason you mentioned...let's go
Some warrant bags to shill: IFIN New spac. 1/2 per unit. 1:1. $0.24 MAQC More than half a year old. Patrick Orlando / DWAC sympathy play. Was once nearly $2.00 for warrants. No target yet, but i expect warrants to hit at least $1 when it comes. Commons are over $10. 1/2 per unit. 1:1. $0.38 LMAO 1:1 and 1 per unit. $.32 no target but more than 6 months in. This is a meme play. Commons are over $10.
IFIN New spac. 1/2 per unit. 1:1. $0.24 MAQC More than half a year old. Patrick Orlando / DWAC sympathy play. Was once nearly $2.00 for warrants. No target yet, but i expect warrants to hit at least $1 when it comes. 1/2 per unit. 1:1. $0.38 LMAO 1:1 and 1 per unit. $.32 no target but more than 6 months in. This is a meme play.
> Like MAQC for example. Anyone know what and why that is happening? Whenever you see something like this you should go over to sec.gov and check the filings. For MAQC it's *not* trading over NAV. If you check their prospectus you will see that the trust was funded to $10.15. https://www.sec.gov/Archives/edgar/data/1844419/000110465921062519/tm216812d20_424b4.htm
When I run a SPAC scan, I see all kinds of weirdo SPACs trading over nav. Like MAQC for example. Anyone know what and why that is happening?
What's your relation to MAQC? Does Trump plan on investing, partnering, or promoting your other SPACs like BENE? What makes Ecombustible the leader in its field? And what challenges are ahead.
Any DWAC type sympathy plays that have really cheap warrants like MAQC? I want something that's under .60 but has hit well over $1.00 before, and no target announced. PIPP warrants are similar, but too expensive. Suggestions? Or just any super cheap warrants that are likely to double in the next few months.
MAQC is 5 months old. Hit $2 this year, DWAC play.....$0.50 and 1/2
MAQC hands down. It's been $2 twice this year with no DA even. DWAC sympathy play
I thought that, then lost money. But then mango came along and made my portfolio great again. Well ... Technically i caught some good swing action on BENE and MAQC
I like MAQC better. Almost guaranteed to get a DA pop. However, i like BENE. I made a lot of money on it.
Cheap warrants are a better Yolo, but good luck. MAQC warrants have gone 3x twice this year.
Setting my first buy at .71. MAQC taught me a lesson.
BENE, BAKKT, MAQC, CCIV Warrants too in the above, and PPGH warrants.
Is MAQC the only Trump sympathy spac that hasn't DA?
You like BENE? Check out MAQC warrant history.
I'd say that this year cool is what mattered. Valuation not so much. But January 1 the hangover begins. Everyone will sober up and the daddy fed cancels the credit cards. It'll be time to get a job and pay the rent. Do you want stocks that have a decent chance of making money or just something cool to tell people about? Don't get me wrong, there will be plenty of pump and dumps (MAQC I'm talking to you after you DA). But the easy money will be hard to come by.
MAQC warrants super cheap, been 3x the price twice this year. IMPX commons FATP, ARIZ, ENER, JMAC if you want dirt cheap new warrants.
MAQC warrants at .55 and commons at 10.07. hmmmmm
Yeah it's called MAQC warrants, currently under .60
That's what i thought with MAQC. then it dropped to .50. I'm still bullish
MAQC hit $2 several times with no DA, based on Patrick Orlando connection to Trump. Currently under .60
I present another 2021 SPAC fail to spacta claus. I lost 50% in like 15 minutes on MAQC-WT when it was randomly pumping due to FOMO after DWAC because I was bitter about not getting in DWACW at $2.
ENERW warrants, BSGAR rights MAQC warrants
Does MAQC team DA quickly? Or has the CEO done a lot of mergers before of any type? Seems like a young wheeler dealer type guy so hopefully quickly.
Anyone know how fast the MAQC team tend tends to move? The CEO seems like a young wheeler dealer so hopefully quickly.
It's tempting but too risky. I'd rather just catch things like CFVI or MAQC warrants. But if I were forced to be involved I'd probably buy puts. Although if Trump pulls it off, yes $100+ is possible. Make Dwac $100 again
Goddamn somehow I’m up 20% on MAQC warrants still. I wanna sell this but I know as soon as I sell it’ll DA and I feel there’s enough hype around Patrick Orlando it might do something decent lol
He'll pick MAQC for the MAGA ties just as the icing on the cake LOL
What under $11 pre-merger SPAC are you most confident is going up? What post merger SPAC? What warrant? For me I think it's PPGH, TALK, and MAQC warrants
100% Trump connection play. BENE and MAQC were both hyped right after DWAC and it died off pretty quick
TrumpCoin for MAQC confirmed, very bullish PT of $69
MAQC warrants at .63 now. Pretty low for pre DA warrants that were nearly $2 not long ago. They're also 1/2 per unit and redeem 1:1. CEO of DWAC is on the board. Of course with ZYGH or whatever it's called liquidating their SPAC... Well MAQC at least has a long time before expiration.
Another reason, why people rarely exercise: **because it's expensive!** I have for example 20,000 MAQC warrants. To exercise them, I need $11,5 \* 20,000 = $230,000. Like, holy cow! Do you have six figures on your account in form of free cash? Then congrats!
Good riddance. The lesson here is: 1.) avoid Chinese SPACs 2.) avoid Patrick Orlando (BENE, MAQC, and probably DWAC) 3.) avoid SPACs that DA with fake companies at $7B valuation and waste their time and everyone else's
In hindsight I should have sold my MAQC warrants when they were like $1.80 and bought back in when they dropped.... but I had just watched DWAC skyrocket and BENE warrants go to $6. So I figured I'd take a chance. Ahhh yes greed lol
AAC but already kinda high at 1.30. Rumor of equinox and 1/5 per unit. TWNT satellite manufacturer. 1.16 MAQC.... DWAC sympathy play only .71
MAQC warrants seem pretty cheap compared to stock price potential. Same guy as DWAC on team, warrants currently at .75 they're 1:1 and 1/2 per unit. Commons just broke above $10.
I'm bagholding since $11+. I think MAQC is a good bet too.
Yea I lost a little bit on MAQC and ML also LOL. Been feeling more risk on lately than all summer haha
So can we crowdfund n get a Trump Cameo about Trumpcoin with MAQC?
In at 10.16 Makes too much sense to not try it. If people were pumping MAQC then I don't see how this doesn't get pumped to some degree.
hmmm is my MAQC sale money didn’t settle i just did like 6 GFV’s with BTTX today…oh well
If MAQC DAs tommorrow and r/SPACs gets a win I'mpretty sure the fabric of rreality will melt into oblivion
I'm holding 500 commons each of ETAC, EQD, JCIC, and MAQC. All bought at slightly above or below NAV. Just hate sitting on cash. But now I'm thinking of dumping all 4, don't want to chase anything more than 5% above NAV and no warrants. Any suggestions?
waiting for my MAQC money to settle so i avoid racking up more GFVs but i dunno prolly more warrants cause i’m a dumb ass?
I'm not really seeing the affiliation behind DWAC and MAQC. MAQC is focused on Latin American tech development. Unlike DWAC and company, MAQC is very active on their LinkedIn postings, and I've listened to a podcast of Randell, and he seems very focused. I don't think it's a political SPAC.
The opportunity of a lifetime is right in front of you and it’s not MAQC. It’s ASTS.
Flat as a board this week even though I added more tickers with hype. BRPM, HCIC, MAQC, BTWN do nothing, and this BTTX garbage (and boy do I mean *garbage*) gets lucky. I just can't hit a winner anymore. 😐
Still in MAQC. Hell even IONQ is mooning now that I sold it. I can't let go of MAQC just yet LOL
With this logic MAQC should be next seeing how everyone hates it now again haha
$CRTX and $RFL both dropped \~80% this week. Bought 100 of each because it's obvious they're oversold and are probably going to gap up for +50% gains within the next month or so. Also expecting $BENE and $MAQC are probably going to have legitimate press and are essentially at their lows. Good entry points for whenever hype occurs again.
So is MAQC officially a r/SPACs certified L?
Make a comment about your frustration with MAQC commons and you will fit right in
This is literally perfect. Trimming DCRC leaps EOD. Will have some nice cash plus + MAQC to play with.
FYI your link is for MCAD. Also I think you mean 'MAQC', not 'MACQ'.
IONQ will go down as one of my biggest stock regrets. Wanted to long-term hold, thought I could sell it on the pipe unlock day, do a quick trade in MAQC, and come back before IONQ took off. Nope, took flight right after I sold and never came back down :(
This is yet another reason why Patrick Orlando is one of the worst SPAC sponsors, why Chinese SPACs can not be trusted, and why the DWAC-adjacent pumps on Orlando's other SPACs like this, BENE and MAQC made zero sense. Dude is SHADY. Did I mention ZGYH tried to take a possibly non-existent company public at $7B valuation? That after DA they did everything they could to obscure any legitimate information, including changing the name multiple times on filings before finally canceling the deal? That BENE is rumored to go with a company based out of a hotelier's Florida apartment suite supposedly creating atomic hydrogen with one patent total? Anyone buying his SPACs, including DWAC at this point is probably throwing away their money. I'm not even sure Trump will go through with it after realizing how shady and incompetent he is - and Donald Trump has a low bar with those things. As to the above, it looks like the sponsor repaid the cost of their error out of pocket, as it should be.
obligatory MAQC you suck. Sold half, other half will be gone today if nothing happens.
Out of MAQC, into JCIC with 1000 shares. Let‘s go!
Just imagine the headline... "MangoCoin to Go Public with Maquia Capital Acquisition Corp (MAQC), Bolstering Trump’s Vision to Redefine Cryptocurrency."
Thinking of getting out of MAQC to out in something else high conviction but as soon as I do MAQC will launch a Trump coin and go to 60k. I sold LCID two days ago LOL, BKKT a couple weeks ago.
It’s amazing how true that is lol. I bought MAQC last week and started seeing it a bunch in here and my immediate thought was, welp this ain’t gonna work. Although, I feel like there was a decent amount of positivity towards DWAC in here just for the memes but there was also plenty of hate. Biggest reason I’m liking BRPM is because the amount of hate it has in here hahaha
I was under the assumption i was going to for once make money with MACD, and MAQC.
Why did I buy MAQC? I don’t even know tbh
bailed MAQC too, at least the commons. Still got some warrants though
I checked out the MAQC LinkedIn. They seem pretty active. Primarily focused on emerging tech from south america. Any speculation or thoughts on what they might announce.