Item 8.01. Other Events
As previously disclosed in a Current Report on Form 8-k dated December 9, 2021,
on December 14, 2021, the units issued in the initial public offering (the
"Units") of Parsec Capital Acquisitions Corp., a Delaware corporation (the
"Company"), each consisting of one share of Class A common stock of the Company,
par value $0.0001 per share (the "Class A Common Stock"), and one warrant of the
Company ("Warrant"), with each Warrant entitling the holder thereof to purchase
one share of Class A Common Stock for $11.50 per share, began separately trading
as shares of Class A Common Stock and Warrants instead of as Units.
Effective December 14, 2021, the Units ceased to trade on The Nasdaq Stock
Market LLC ("Nasdaq") under the symbol "PCXCU." The shares of Class A Common
Stock and the Warrants began trading on Nasdaq under the symbols "PCX" and
"PCXCW," respectively.
Effective December 22, 2021, the Units of the Company will be reinstated and
begin trading on Nasdaq, with the original symbol of "PCXCU", each Unit
consisting of cone share of Class A Common Stock and one Warrant, with each
Warrant entitling the holder thereof to purchase one share of Class A Common
Stock for $11.50 per share. The shares of Class A Common Stock and the Warrants
are expected to trade on Nasdaq under the symbols "PCX" and "PCXCW,"
respectively.
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