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Parsec Capital Acquisition Corp : Parsec Capital Acquisitions Corp Gains Sponsorship from Astro Aerospace
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Company or
Parsec ), filed a confidential S1 as a Special Purpose Acquisition Company (SPAC) with a focus on the space economy, technology and transport industries. Astro Aerospace (OTCQB: ASDN) (
Astro ) has sponsored their SPAC.
Astro, a global leader in electric vertical take-off and landing (eVTOL) aerial vehicles and drones, is a pioneer in the aerial eVTOL market, which has an estimated value of $46.7 billion. Astro s sponsorship is of great value to Parsec, as the new relationship not only brings financial investment but a vault of transport industry expertise. Astro developed one of the market s safest and most efficient eVTOLs in the world, and in 2018 its drone Elroy was one of the first to seamlessly fly with humans on board.