---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-010010"
form_type: "8-K"
ticker: null
cik: "0001855751"
company_name: "Parsec Capital Acquisitions Corp."
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T08:28:20.241218+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Parsec Capital acquires 56.7% of Enteractive Media in stock exchange; SPAC completes business combination

## Summary
- Parsec acquired 56.7% of Enteractive's common stock from majority stockholders in exchange for 3,402,560 newly issued Parsec Class B shares.
- The March 9, 2023 Stock Exchange and Reorganization Agreement supersedes the October 13, 2022 Agreement and Plan of Merger.
- Parsec had previously redeemed all Class A shares and warrants expired worthless as of December 2022; Nasdaq listing was cancelled.
- Enteractive operates PlayerVision, a gambling-themed media and affiliate platform targeting the Canadian sports betting market after Bill C-218 legalization.
- The combined company will focus on the PlayerVision Affiliate Gaming Network, generating revenue from affiliate commissions and advertising.

## SEC filing metadata
- accession: 0001493152-23-010010
- form_type: 8-K
- cik: 0001855751
- company_name: Parsec Capital Acquisitions Corp.
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 2.02, 3.02, 5.01, 5.02, 5.06, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855751/000149315223010010/0001493152-23-010010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855751/000149315223010010/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-010010
- JSON: https://secwatch.observer/filing/0001493152-23-010010.json
- Plain text: https://secwatch.observer/filing/0001493152-23-010010.txt

## Key facts
- Governance Changes
  Parsec Capital Acquisitions Corp.: Parsec ceased being a shell company upon completion of the acquisition on March 9, 2023 (effective 2023-03-09).
  - Change: shell status
  - Effective: 2023-03-09
  source text: Prior to the closing of the acquisition, Parsec was a “shell company” as defined in Rule 405 of the Securities Act and Rule 12b-2 of the Exchange Act. As described in Item 2.01 above, which is incorporated by reference into this Item 5.06, Parsec ceased being a shell company upon completion of the acquisition on March 9, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855751/000149315223010010/0001493152-23-010010-index.htm
- M&A Transactions
  Parsec Capital Acquisitions Corp. completed an acquisition involving Enteractive Media, Inc. (closed 2023-03-09).
  - Action: acquisition
  - Counterparty: Enteractive Media, Inc.
  - Closing: 2023-03-09
  source text: On March 9, 2023, we entered into the Acquisition Agreement with stockholders of Enteractive Media, Inc owning 56.7% of Enteractive’s issued and outstanding common stock making Enteractive a majority owned subsidiary of Parsec, as more fully described in Item 2.02 above, Immediately following the closing of the Acquisition, former Enteractive Media, Inc. shareholders own approximately 59.6% of our issued and outstanding common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855751/000149315223010010/0001493152-23-010010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.