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PCXCU Parsec Capital Acquisitions Corporation

10.21
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Parsec Capital Acquisitions Corporation NASDAQ:PCXCU NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.21 7.23 13.09 0 01:00:00

Initial Statement of Beneficial Ownership (3)

25/10/2021 3:06pm

Edgar (US Regulatory)


FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Burger Alec
2. Date of Event Requiring Statement (MM/DD/YYYY)
10/8/2021 

3. Issuer Name and Ticker or Trading Symbol

Parsec Capital Acquisitions Corp. [PCXCU]
(Last)        (First)        (Middle)

C/O PARSEC CAPITAL ACQUISITIONS CORP, 320 W. MAIN STREET
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                          _____ 10% Owner
_____ Officer (give title below)        _____ Other (specify below)
(Street)

LEWISVILLE,, TX 75057      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

6. Individual or Joint/Group Filing(Check Applicable Line)

_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B common stock, par value $0.0001 per share  (1) (1)Class A common stock, par value $0.0001 per share 37500  (1)D  
Warrants (2) (3) (4)Class A common stock, par value $0.0001 per share 22500 $11.50 D  

Explanation of Responses:
(1) 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.
(2) 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 the Reporting Person.
(3) 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.
(4) 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).

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Burger Alec
C/O PARSEC CAPITAL ACQUISITIONS CORP
320 W. MAIN STREET
LEWISVILLE,, TX 75057
X



Signatures
/s/ Alec Burger10/25/2021
**Signature of Reporting PersonDate

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