Parsec Capital Acquisitions Corp
PCXCW
NASDAQ Global Market0.00
USD
+0.00
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Parsec Capital Acquisitions Corp
PCXCW
(NASDAQ Global Market)
Recent
price
0.00
P/E
ratio
- -
div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Parsec Capital Acquisitions Corp. (PCXCW) operates as a blank check company whose principal business activity is to effect mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses, with a focus on the space economy, transport, and technology industries. The company offers no operational products or services beyond its special purpose acquisition structure, including Class A common stock, redeemable warrants exercisable at $11.50 per share, and units comprising one share and one warrant. Incorporated in 2021 as a Delaware corporation and headquartered in Lewisville, Texas, Parsec Capital maintains a lean structure with key executives including CEO Kelly Kellner and CFO Paul Haber. In October 2022, the company executed a merger agreement with Enteractive Media Inc., a Canadian affiliate marketing firm, anticipating a business combination that would result in the combined entity trading on Nasdaq under a new ticker; however, following significant public share redemptions and failure to extend its operational deadline, Parsec announced in December 2022 the redemption of all public shares at the trust account value and the expiration of warrants, effectively liquidating its SPAC structure. Despite plans to seek shareholder and regulatory approval to pursue the Enteractive Media transaction into early 2023, available records indicate that as of March 2023, Parsec Capital Acquisitions Corp. was acquired by Enteractive Media, Inc., in a reverse merger transaction, marking the cessation of its independent operations as a blank check entity. The company's warrants (PCXCW) continue to trade at negligible value with potential delisting risk, reflecting the completed wind-down and acquisition outcome.