3//SEC Filing
Parsec Acquisitions Sponsor, LLC 3
Accession 0001493152-21-026188
CIK 0001855751other
Filed
Oct 24, 8:00 PM ET
Accepted
Oct 25, 10:03 AM ET
Size
7.1 KB
Accession
0001493152-21-026188
Insider Transaction Report
Form 3
Parsec Acquisitions Sponsor, LLC
10% Owner
Holdings
Class B common stock, par value $0.0001 per share
→ Class A common stock, par value $0.0001 per share (1,656,250 underlying)Warrants
Exercise: $11.50→ Class A common stock, par value $0.0001 per share (4,368,750 underlying)
Footnotes (4)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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).
Documents
Issuer
Parsec Capital Acquisitions Corp.
CIK 0001855751
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001889848
Filing Metadata
- Form type
- 3
- Filed
- Oct 24, 8:00 PM ET
- Accepted
- Oct 25, 10:03 AM ET
- Size
- 7.1 KB