Trust Size
$23M
Current Price
$0.00
Peak Market Cap
$400M
Price Journey
What Happened
American Virtual Cloud Technologies was a cloud communications and cybersecurity company formed through a SPAC merger. The company acquired Kandy Communications to offer UCaaS solutions. AVCT filed for Chapter 11 bankruptcy in January 2023.
Pensare Acquisition Corp merged with what became AVCT in 2020. The company acquired Kandy Communications from Ribbon Communications to build a cloud communications platform but struggled to generate revenue. AVCT filed for Chapter 11 in January 2023 and its securities were deregistered by May 2023.
Timeline
2017-07-24
S-1 Registration Filed
2022-02-14
Merger Proxy Filed (DEFM14A)
2023-05-30
Last SEC Filing
2022-04-18
Filed for bankruptcy
🔀 Reverse Stock Split
Reverse split ratio: . Reverse splits are used to avoid delisting but destroy shareholder value through the illusion of a higher stock price.
SEC Filing Details
CIK Number
1704760
Total SEC Filings
381
State of Incorporation
DE
Last Filing Date
2023-05-30
Business Location
Atlanta, GA
Trust/Asset Size
$23M
Data sourced from SEC EDGAR Company Facts API and EFTS search index.
📄 SEC Filings
View all EDGAR filings for American Virtual Cloud Technologies