Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AVCT | Common Stock | Conversion of derivative security | +2.1M | 2.1M | Sep 8, 2021 | Direct | F1 | |||
transaction | AVCT | Common Stock | Conversion of derivative security | +5.51M | +261.97% | 7.62M | Sep 8, 2021 | Direct | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AVCT | Series A Convertible Debentures | Conversion of derivative security | -$6.31M | 0 | Sep 8, 2021 | Common Stock | 2.1M | Direct | F1 | ||||
transaction | AVCT | Series A-1 Convertible Debentures | Conversion of derivative security | -$18M | 0 | Sep 8, 2021 | Common Stock | 5.51M | Direct | F1 |
Id | Content |
---|---|
F1 | On September 8, 2020, the unpaid principal amount (together with all accrued but unpaid interest thereon) of the Series A Convertible Debentures and Series A-1 Convertible Debentures (the "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. |