Key facts
- This page summarizes Navigation Capital Partners SOF I, LLC's Form 4 filing for American Virtual Cloud Technologies, Inc..
- 4 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 10 Sep 2021, 17:23.
Navigation Capital Partners SOF I, LLC - 08 Sep 2021 Form 4 Insider Report for American Virtual Cloud Technologies, Inc.
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 08 Sep 2021
- Net transaction value
- -$24,295,608
- SEC form
- 4
- Accepted by SEC
- 10 Sep 2021, 17:23:11 UTC
- Prior SEC filing
- 01 Jun 2021
- Source filing
- View source filing
- Reporting owner signature
- Navigation Capital Partners SOF I, LLC: By: /s/ Lawrence E. Mock, Manager
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Navigation Capital Partners SOF I, LLC filed Form 4 for American Virtual Cloud Technologies, Inc. on 10 Sep 2021.
Change
- Previous filing in this sequence was filed on 01 Jun 2021.
- Current net transaction value: -$24,295,608.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
AVCT
transaction
Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +2,104,097
- Change %
- Price
- Shares after
- 2,104,097
- Date
- 08 Sep 2021
- Ownership
- Direct
- Footnotes
- F1
AVCT
transaction
Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +5,512,145
- Change %
- +262%
- Price
- Shares after
- 7,616,242
- Date
- 08 Sep 2021
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
AVCT
transaction
Derivative
Series A Convertible Debentures
Conversion of derivative security
- Transaction value
- $6,305,608
- Shares
- Change %
- Price
- Shares after
- 0
- Date
- 08 Sep 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,104,097
- Exercise price
- Footnotes
- F1
AVCT
transaction
Derivative
Series A-1 Convertible Debentures
Conversion of derivative security
- Transaction value
- $17,990,000
- Shares
- Change %
- Price
- Shares after
- 0
- Date
- 08 Sep 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 5,512,145
- Exercise price
- Footnotes
- F1
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 1 footnote
Footnote 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.