Parsec Capital Acquisitions registered July 8 to offer 5 million units at $10 each to raise capital to buy a business engaged in the space economy, technology or transport industries. Astro Aerospace is sponsoring the SPAC, which filed confidentially with the SEC in April.
A unit consists of one share of Class A common stock and one redeemable warrant; whole warrants exercisable at $11.50.
The SPAC is led by CEO and Director Patricia Trompeter, who is also the CEO and a director of Astro Aerospace.
EF Hutton is sole book-running manager of the offering. The underwriters have a 45-day option to purchase up to an additional 750,000 units to cover over-allotments, if any.
The SPAC intends to apply for a listing on the Nasdaq under PCXU. Read more.
