4//SEC Filing
Parsec Acquisitions Sponsor, LLC 4
Accession 0001493152-21-031621
CIK 0001855751other
Filed
Dec 14, 7:00 PM ET
Accepted
Dec 15, 6:28 PM ET
Size
9.1 KB
Accession
0001493152-21-031621
Insider Transaction Report
Form 4
Parsec Acquisitions Sponsor, LLC
10% Owner
Transactions
- Sale
Warrants
2021-12-14−3,593,748→ 775,002 totalExercise: $11.50→ Class A common stock, par value $0.0001 per share (3,593,748 underlying) - Sale
Class B common stock, par value $0.0001 per share
2021-12-14−1,656,249→ 250,001 total→ Class A common stock, par value $0.0001 per share (1,656,249 underlying)
Footnotes (4)
- [F1]The Reporting Person distributed shares of the Issuer to members of Parsec Acquisitions Sponsor, LLC.
- [F2]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.
- [F3]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).
- [F4]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.
Documents
Issuer
Parsec Capital Acquisitions Corp.
CIK 0001855751
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001889848
Filing Metadata
- Form type
- 4
- Filed
- Dec 14, 7:00 PM ET
- Accepted
- Dec 15, 6:28 PM ET
- Size
- 9.1 KB