Parsec Capital Acquisitions Corp. (the “Company”) is a newly-organized blank check company incorporated on February 11, 2021 as a Delaware corporation whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company has not selected any specific Business Combination target and the Company has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any Business Combination target.
Company profile
Ticker
PCX, PCXCU, PCXCW
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Parsec Capital Acquisition Corp.
SEC CIK
Corporate docs
IRS number
862087408
PCX stock data
Latest filings (excl ownership)
25-NSE
Exchange delisting
16 Dec 22
8-K
Other Events
8 Dec 22
10-Q
2022 Q3
Quarterly report
18 Nov 22
NT 10-Q
Notice of late quarterly filing
15 Nov 22
8-K
Entry into a Material Definitive Agreement
2 Nov 22
8-K
Entry into a Material Definitive Agreement
18 Oct 22
10-Q
2022 Q2
Quarterly report
3 Aug 22
10-Q
2022 Q1
Quarterly report
13 May 22
10-K
2021 FY
Annual report
14 Apr 22
NT 10-K
Notice of late annual filing
31 Mar 22
Latest ownership filings
SC 13G/A
Feis Lawrence
27 May 22
SC 13G
Karpus Management, Inc.
14 Feb 22
SC 13G/A
Beryl Capital Management LLC
11 Feb 22
SC 13G
Weiss Asset Management LP
4 Feb 22
SC 13G/A
Feis Lawrence
25 Jan 22
SC 13G
Saba Capital Management, L.P.
30 Dec 21
4
Change in insider ownership
15 Dec 21
3
William F Readdy
5 Nov 21
3
Paul Haber
5 Nov 21
3
DANIEL KEVIN ELWELL
5 Nov 21
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Revenue | |||||
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| Operating income | |||||
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| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | |
|---|---|---|
| Revenue | ||
| Cost of revenue | ||
| Operating income | ||
| Operating margin | ||
| Net income | ||
| Net profit margin | ||
| Cash on hand | ||
| Change in cash | ||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 297.97 k | 297.97 k | 297.97 k | 297.97 k | 297.97 k | |
| Cash burn (monthly) | 23.35 k | (no burn) | 88.47 k | 126.36 k | 11.37 k | |
| Cash used (since last report) | 92.47 k | n/a | 350.39 k | 500.46 k | 45.03 k | |
| Cash remaining | 205.50 k | n/a | -52.42 k | -202.49 k | 252.94 k | |
| Runway (months of cash) | 8.8 | n/a | -0.6 | -1.6 | 22.2 | |
Institutional ownership, Q3 2022
89.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 36 |
| Opened positions | 1 |
| Closed positions | 9 |
| Increased positions | 3 |
| Reduced positions | 21 |
| 13F shares | Current |
|---|---|
| Total value | 78.31 mm |
| Total shares | 7.74 mm |
| Total puts | 0.00 |
| Total calls | 50.00 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Saba Capital Management | 828.07 k | $8.38 mm |
| Polar Asset Management Partners | 706.06 k | $7.15 mm |
| Weiss Asset Management | 587.98 k | $5.95 mm |
| Karpus Management | 551.30 k | $5.58 mm |
| D. E. Shaw & Co. | 369.59 k | $3.74 mm |
| WRB W.R. Berkley | 365.90 k | $3.70 mm |
| Starboard Value | 358.50 k | $3.63 mm |
| Wolverine Asset Management | 357.07 k | $3.61 mm |
| Boothbay Fund Management | 355.17 k | $3.59 mm |
| Atw Spac Management | 355.17 k | $3.59 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 14 Dec 21 | Parsec Acquisitions Sponsor | Class B common stock, par value $0.0001 per share Class A common stock, par value $0.0001 per share | Sell | Dispose S | No | No | 0 | 1,656,249 | 0.00 | 250,001 |
| 14 Dec 21 | Parsec Acquisitions Sponsor | Warrants Class A common stock, par value $0.0001 per share | Sell | Dispose S | No | No | 11.5 | 3,593,748 | 41.33 mm | 775,002 |