Key facts
- This page summarizes NAVIGATION CAPITAL PARTNERS, INC.'s Form 4 filing for American Virtual Cloud Technologies, Inc..
- 4 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 04 Oct 2021, 21:02.
NAVIGATION CAPITAL PARTNERS, INC. - 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
- 04 Oct 2021, 21:02:15 UTC
- Prior SEC filing
- 01 Jun 2021
- Next SEC filing
- 04 Oct 2021
- Source filing
- View source filing
- Reporting owner signature
- Navigation Capital Partners, Inc. By: /s/ Lawrence E. Mock, Managing Partner
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
NAVIGATION CAPITAL PARTNERS, INC. filed Form 4 for American Virtual Cloud Technologies, Inc. on 04 Oct 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
- Please see footnotes
- Footnotes
- F1, F2
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
- Please see footnotes
- Footnotes
- F1, F2
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
- Please see footnotes
- Underlying class
- Common Stock
- Underlying amount
- 2,104,097
- Exercise price
- Footnotes
- F1, F2
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
- Please see footnotes
- Underlying class
- Common Stock
- Underlying amount
- 5,512,145
- Exercise price
- 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
On September 8, 2021, 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. This Form 4 is being filed late due to administrative error.
Footnote F2
The reported securities are directly held by Navigation Capital Partners SOF I, LLC, a direct wholly-owned subsidiary of SPAC Opportunity Fund I, L.P. ("SPAC Opps"), an entity controlled by Navigation Capital Partners, Inc. ("Navigation Capital" and, together with SPAC Opps, the "Reporting Persons"). As a result, the Reporting Persons may be deemed to indirectly beneficially own the reported securities. The Reporting Persons each disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.