PARSEC CAPITAL ACQUISITIONS CORP. : Other Events (form 8-K)

Item 8.01 Other Information

As a result of Parsec Capital Acquisitions Corp. having failed to make the required payment to extend the date required to consummate a business combination, the Trust Administrator has begun the process of liquidating the Trust Account. All Class A Shares will be redeemed and all outstanding warrants will expire worthless. The Company will try to receive permission from its remaining shareholders and regulatory authorities to continue its existence and complete its previously announced business combination with Enteractive Media Inc.but there can be no assurance that it will be able to do so.

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