Maquia Capital Acquisition Corporation announced a private placement of a promissory note in the principal amount of $955,748.46 on November 14, 2022. 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 of the date that the company consummates its initial business combination and the date of 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.