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Parsec Capital Acquisitions Corp. (NASDAQ: PCX, PCXCU, PCXCW) announced a merger agreement with Enteractive Media Inc. on October 13, 2022. The boards of both companies have approved the transaction, which is expected to close in Q4 2022, pending regulatory and stockholder approvals. Enteractive Media operates as a bridge between consumers and legal gambling operators, with its subsidiary, PlayerVision, offering various gambling-related media services. Post-merger, the new company will trade under a new ticker on Nasdaq.
On October 8, 2021, Parsec Capital Acquisition Corp. (NASDAQ: PCXCU) successfully closed its initial public offering (IPO) of 8,625,000 units at an offering price of $10.00 each. This figure includes the underwriters' full over-allotment option for an additional 1,125,000 units. Each unit comprises one Class A common stock share and one redeemable warrant to purchase a Class A share at $11.50. The units began trading on NASDAQ on October 6, 2021, under the symbol 'PCXCU'. EF Hutton is the sole book-running manager for this offering.
Parsec Capital Acquisitions Corp. (NASDAQ: PCXCU) has priced its initial public offering at $75 million, comprising 7,500,000 units at $10.00 each. Trading is set to begin on October 6, 2021, on the Nasdaq Global Market. Each unit includes one share of Class A common stock and one warrant for future stock purchase at $11.50. The company aims for a business combination primarily in the space economy and adjacent sectors. EF Hutton is the sole book running manager, with an option for the underwriter to purchase an additional 1,125,000 units for over-allotments.
