Maquia Capital Acquisition Corporation announced a private placement of a promissory note in the principal amount of $250,000 on May 22, 2023. The transaction included participation from returning investor, Maquia Investments North America, LLC. The note bears no interest and is due and payable upon the earlier to occur of the date on which the company's initial business combination is consummated and the liquidation of the company.

The issuance of the note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.