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Announced

Immersed to go public via a SPAC merger with Maquia Capital Acquisition in a $150m deal.

Financials

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Transaction Value£117m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

software

Acquisition

Private

Pending

Single Bidder

Software

Domestic

Majority

Friendly

De-SPAC

Reverse Takeover

Synopsis

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Immersed, a provider of enterprise AI productivity solutions that use spatial computing to digitally transform the working environment, agreed to go public via a SPAC merger with Maquia Capital Acquisition, a special purpose acquisition company, in a $150m deal. "Post covid, flexible working is here to stay. As companies are forced to find remote working solutions, we have built the leading Enterprise AI Solution to allow users to connect and work full-time in virtual spaces,” Renji Bijoy, Immersed Founder and CEO.

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