Filing Details
- Accession Number:
- 0001213900-21-048121
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-09-14 21:56:45
- Reporting Period:
- 2021-09-08
- Accepted Time:
- 2021-09-14 21:56:45
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1704760 | American Virtual Cloud Technologies Inc. | AVCT | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1409643 | S. John Richardson | 2870 Peachtree Rd. Nw, Unit 509 Atlanta GA 30305 | No | No | Yes | No | |
| 1809679 | Navigation Capital Partners Ii, L.p. | 2870 Peachtree Rd. Nw, Unit 509 Atlanta GA 30305 | No | No | Yes | No | |
| 1809716 | Stratos Management Systems Holdings Llc | 2870 Peachtree Rd. Nw, Unit 509 Atlanta GA 30305 | No | No | Yes | No | |
| 1810024 | Ncp General Partner Ii Llc | 2870 Peachtree Rd. Nw, Unit 509 Atlanta GA 30305 | No | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2021-09-08 | 6,673,731 | $0.00 | 14,980,452 | No | 4 | C | Direct | |
| Common Stock | Acquisiton | 2021-09-10 | 2,000,000 | $0.01 | 16,980,452 | No | 4 | X | Direct | |
| Common Stock | Disposition | 2021-09-10 | 5,005 | $4.00 | 16,975,447 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Direct | |
| No | 4 | X | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Series A Convertible Debentures | Disposition | 2021-09-08 | 0 | $0.00 | 6,673,731 | $0.00 |
| Common Stock | Warrants | Disposition | 2021-09-10 | 2,000,000 | $0.00 | 2,000,000 | $0.01 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | C | Direct | ||
| 0 | 2020-04-07 | 2025-04-07 | No | 4 | X | Direct |
Footnotes
- On September 8, 2021, the unpaid principal amount (together with all accrued but unpaid interest thereon) of the Series A Convertible Debentures automatically converted into shares of the Issuer's common stock, par value $0.001 per share (the "Common Stock") at a conversion price of $3.45 (the "Mandatory Conversions"). The Mandatory Conversions were triggered by the closing price of the Common Stock on the Nasdaq Capital Market exceeding $6.00 for 40 trading days within a consecutive 60 trading day-period. The Reporting Person's Form 4 filed on September 10, 2021 inadvertently failed to report this transaction.
- On September 10, 2021, the Reporting Person elected to exercise each of its 20,000 warrants (each such warrant entitling the holder thereof to purchase 100 shares of the Common Stock at a price of $0.01 per share), and paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 5,005 of the warrant shares to pay the exercise price and issuing to the Reporting Person the remaining 1,994,995 shares of Common Stock.
Billionaire Hedge Funds
