Role
10%+ Owner
Signature
Navigation Capital Partners SOF I, LLC: By: /s/ Lawrence E. Mock, Manager
Stock symbol
AVCT
Transactions as of
Sep 8, 2021
Transactions value $
-$24,295,608
Form type
4
Date filed
9/10/2021, 05:23 PM
Previous filing
Jun 1, 2021

Transactions Table

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

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

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
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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.