Filing Details

Accession Number:
Form Type:
Zero Holdings:
Publication Time:
2021-09-14 21:57:03
Reporting Period:
Accepted Time:
2021-09-14 21:57:03
SEC Url:
Form 4 Filing
Cik Name Symbol Sector (SIC) IRS No
1704760 American Virtual Cloud Technologies Inc. AVCT Services-Computer Integrated Systems Design (7373) 000000000
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1809679 Navigation Capital Partners Ii, L.p. 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 2021-09-10 2,429,561 $0.01 10,045,803 No 4 X Direct
Common Stock Disposition 2021-09-10 6,079 $4.00 10,039,724 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 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 Direct
  1. On September 10, 2021, the Reporting Person 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 the Reporting Person 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. 6,305 of the warrants were previously held by SPAC Opportunity Partners, LLC prior to being transferred to the Reporting Person, and no Form 4 was filed for such transfer due to administrative error.