0001493152-21-026188.txt : 20211025 0001493152-21-026188.hdr.sgml : 20211025 20211025100316 ACCESSION NUMBER: 0001493152-21-026188 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211008 FILED AS OF DATE: 20211025 DATE AS OF CHANGE: 20211025 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Parsec Acquisitions Sponsor, LLC CENTRAL INDEX KEY: 0001889848 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40871 FILM NUMBER: 211342412 BUSINESS ADDRESS: STREET 1: 320 W MAIN ST. CITY: LEWISVILLE STATE: TX ZIP: 75057 BUSINESS PHONE: 203-524-6524 MAIL ADDRESS: STREET 1: 320 W MAIN ST. CITY: LEWISVILLE STATE: TX ZIP: 75057 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Parsec Capital Acquisitions Corp. CENTRAL INDEX KEY: 0001855751 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 862087408 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 320 W. MAIN STREET CITY: LEWISVILLE STATE: TX ZIP: 75057 BUSINESS PHONE: (203) 524-6524 MAIL ADDRESS: STREET 1: 320 W. MAIN STREET CITY: LEWISVILLE STATE: TX ZIP: 75057 FORMER COMPANY: FORMER CONFORMED NAME: Parsec Capital Acquisition Corp. DATE OF NAME CHANGE: 20210408 3 1 ownership.xml X0206 3 2021-10-08 0 0001855751 Parsec Capital Acquisitions Corp. PCXCU 0001889848 Parsec Acquisitions Sponsor, LLC 320 W. MAIN STREET LEWISVILLE, TX 75057 0 0 1 0 Class B common stock, par value $0.0001 per share Class A common stock, par value $0.0001 per share 1656250 D Warrants 11.50 Class A common stock, par value $0.0001 per share 4368750 D As described in the issuer's registration statement on Form S-1 (File No. 333-257766) under the heading "Founder Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments described therein and have no expiration. Pursuant to a private placement, Parsec Capital Acquisitions Sponsor, LLC (the "Sponsor") agreed to purchase 4,518,750 placement warrants at a price of $1.00 per warrant for an aggregate purchase price of $4,518,750. The Sponsor transferred 22,500 placement warrants to each of the independent directors, 36,000 placement warrants to the Issuer's Chief Executive Officer, and 24,000 placement warrants to the Issuer's Chief Financial Officer. The warrants will become exercisable on the later of (i) October 5, 2022, which is one year after the date that the registration statement was declared effective by the SEC; and (ii) the 30 days after the consummation by the Issuer of a business combination. The warrants expire at 5:00 p.m., New York City time on the earlier to occur of: (x) the date that is five (5) years after the date on which the Issuer completes its business combination, (y) the liquidation of the Issuer in accordance with the Issuer's amended and restated certificate of incorporation, as amended and/or restated from time to time, if the Issuer fails to complete a business combination, or (z) the redemption date (as defined the Private Placement Warrant Purchase Agreement). Parsec Acquisitions Sponsor, LLC, /s/ Bruce Bent its Managing Member 2021-10-25