Key facts
- This page summarizes PENSARE SPONSOR GROUP, LLC's Form 4 filing for American Virtual Cloud Technologies, Inc..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 10 Sep 2021, 20:31.
PENSARE SPONSOR GROUP, 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
- +$4,861,761
- SEC form
- 4
- Accepted by SEC
- 10 Sep 2021, 20:31:33 UTC
- Next SEC filing
- 14 Sep 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Alan I. Annex, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
PENSARE SPONSOR GROUP, LLC filed Form 4 for American Virtual Cloud Technologies, Inc. on 10 Sep 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: +$4,861,761.
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
- $2,601,759
- Shares
- +754,133
- Change %
- +13%
- Price
- $3.45*
- Shares after
- 6,573,133
- Date
- 08 Sep 2021
- Ownership
- Direct
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
- $2,260,002
- Shares
- Change %
- Price
- Shares after
- 0
- Date
- 08 Sep 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 754,133
- Exercise price
- $3.45
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
The debentures were immediately exercisable, subject to a conversion cap that applied until the Issuer obtained the requisite stockholder approval to issue the full amount of underlying shares.
Footnote F2
The expiration date was the date that the principal amount of the applicable debenture (together with all accrued but unpaid interest thereon) was paid in full, subject to mandatory conversion in whole pursuant to the terms thereof, which mandatory conversion occurred effective September 8, 2021. The entire principal sum amount of the Series A-1 and Series A convertible debentures, together with accrued and unpaid interest thereon, was due and payable on the earlier to occur of certain dates specified in the debentures.