According to the press release in Global Newswire - Immersed is going public through a merger with Maquia Capital Acquisition Corp.

This is exciting news for us long-time users of the platform, as this will bring the capital needed to move forward with their planned AR Glasses, named Visor, and an AI initiative that is yet to be publicly presented that apparently is named or code-named Curator.

Disclosure: I am one of the people who work over 30 hours a week in the platform.