Filing Details
- Accession Number:
- 0001013762-21-000174
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-10-04 21:01:54
- Reporting Period:
- 2021-09-10
- Accepted Time:
- 2021-10-04 21:01:54
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1704760 | American Virtual Cloud Technologies Inc. | AVCT | Services-Computer Integrated Systems Design (7373) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1809677 | Navigation Capital Partners, Inc. | 2870 Peachtree Rd. Nw, Unit 509 Atlanta GA 30305 | No | No | Yes | No | |
| 1883907 | Spac Opportunity Fund I, L.p. | 2870 Peachtree Road Nw Suite 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 | 2021-09-10 | 2,429,561 | $0.01 | 10,045,803 | No | 4 | X | Indirect | Please see footnotes |
| Common Stock | Disposition | 2021-09-10 | 6,079 | $4.00 | 10,039,724 | No | 4 | S | Indirect | Please see footnotes |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | X | Indirect | Please see footnotes |
| No | 4 | S | Indirect | Please see footnotes |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Warrants | Disposition | 2021-09-10 | 2,429,561 | $0.00 | 2,429,561 | $0.01 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | X | Indirect |
Footnotes
- On September 10, 2021, Navigation Capital Partners SOF I, LLC ("Investment Sub") elected to exercise each of its 24,295 warrants (each such warrant entitling the holder thereof to purchase 100 shares of the Issuer's common stock, par value $0.001 per share (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 6,079 of the warrant shares to pay the exercise price and issuing to Investment Sub the remaining 2,423,482 shares of Common Stock. Each of the warrants were immediately exercisable and had expiration dates five years from the date of issuance (December 1, 2025, for 10,000 warrants and 79,900 warrants issued on December 1, 2020, and April 7, 2025, for 6,305 warrants issued on April 7, 2020.
- (continued from footnote (1)) 6,305 of the warrants were previously held by SPAC Opportunity Partners, LLC prior to being transferred to Investment Sub, and no Form 4 was filed for such transfer due to administrative error. This Form 4 is being filed late due to administrative error.
- The reported securities are directly held by Investment Sub, a direct wholly-owned subsidiary of SPAC Opportunity Fund I, L.P. ("SPAC Opps"), an entity controlled by Navigation Capital Partners, Inc. ("Navigation Capital" and together with SPAC Opps, the "Reporting Persons"). As a result, the Reporting Persons may be deemed to indirectly beneficially own the reported securities. The Reporting Persons each disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.
Billionaire Hedge Funds
