Parsec Capital Acquisition Corp. Announces Closing of $86.3 Million Initial Public Offering, Including Full Exercise of Underwriters' Over-Allotment Option

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Oct 09, 2021

Lewisville, TX, Oct. 08, 2021 (GLOBE NEWSWIRE) -- Parsec Capital Acquisition Corp. (NASDAQ: PCXCU) (the “Company”) announced today that it closed its initial public offering of 8,625,000 units at an offering price of $10.00 per unit. This includes the exercise in full by the underwriters of their over-allotment option to purchase up to an additional 1,125,000 units. Each unit consists of one of the Company’s shares of Class A common stock and one redeemable warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable.