Immersed to Go Public in Merger with SPAC Maquia Capital Acquisition

▤ Summary

In addition to the merger, Immersed is raising bridge financing through convertible notes from investors such as Intel Corp Chief Executive Pat Gelsinger, former football player Tim Tebow, and All Blue Capital. Immersed is also in discussions to secure additional financing through a private investment in public equity (PIPE). Founded in 2017, Immersed develops spatial computing software that enables remote working for employees. The company is also working on new software and hardware tools, including an artificial intelligence-powered assistant for enterprise customers. Upon closing the deal, Immersed will be listed on the Nasdaq stock exchange under the ticker “AIMR.”

▦ Linked Companies