Parsec Capital Acquisitions Corp
PCXCU
NASDAQ Global Market10.21
USD
- -
- -
CIK
0001855751
ISIN
US70184A2078
CUSIP
70184A207
Return %
Stock
S&P500
1Y
-0.52
26.53
3Y
0.89
76.60
5Y
0.89
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 320 West Main Street Lewisville TX United States of America 75057
- IPO Date
- Oct 6, 2021
- CIK
- 0001855751
- Website
- parsecacquisition.com
- Similar Companies
- Business
- Parsec Capital Acquisitions Corp is a special purpose acquisition company (SPAC) primarily engaged in effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations. The company was incorporated in 2021 and is headquartered in Lewisville, Texas. Parsec initially focused on investment opportunities in the space economy, transport, and technology industries. It completed an initial public offering raising approximately $86.3 million. In recent developments, Parsec Capital Acquisitions Corp acquired a majority interest in Enteractive Media Inc., a media company operating in the sports entertainment and gaming sectors. Enteractive Media’s offerings include gambling-themed television broadcasts, on-demand video, and synchronous live video streamed sports wagering programming available on multiple digital platforms under its wholly owned subsidiary PlayerVision. This acquisition marked a strategic shift toward the gaming, gambling, and entertainment industries. Following the acquisition, Parsec announced plans to rebrand as GameChangerz Media Inc. and intends to reapply for listing on the Nasdaq Capital Market. Additionally, Parsec aims to acquire all remaining Enteractive Media shares to make it a wholly-owned subsidiary. The company also underwent leadership changes with the appointment of Kelly Kellner as CEO and restructuring of the board. Parsec operates principally in the United States and Canada, leveraging Enteractive Media’s digital media platforms for consumer engagement in legalized betting markets. It targets consumers interested in interactive and live gambling entertainment content, providing access through web, mobile, and television channels. The company’s strategic focus now centers on organic growth and further acquisitions within the gaming media space, leveraging PlayerVision’s super affiliate business model to monetize its audience and enhance shareholder value. Parsec Capital Acquisitions Corp’s transition from a SPAC to a media and gaming company highlights a major operational and business expansion change since its founding. It now primarily offers digital media services related to gambling entertainment, including interactive programming, gambling strategy content, contests, and incentives for its audience. The company originally formed for broader investment pursuits within technology and space economy sectors has pivoted markedly toward the sports betting and gaming entertainment industry since 2023, following the Enteractive Media acquisition and corresponding corporate rebranding initiatives. Parsec’s evolution includes deeper integration of digital content platforms and audience engagement tools catering to legalized gambling consumers in North America. These developments position Parsec uniquely in the intersection of media, gaming, and gambling sectors.