4//SEC Filing
NAVIGATION CAPITAL PARTNERS, INC. 4
Accession 0001013762-21-000174
CIK 0001704760other
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 9:01 PM ET
Size
12.9 KB
Accession
0001013762-21-000174
Insider Transaction Report
Form 4
SPAC Opportunity Fund I, L.P.
10% Owner
Transactions
- Exercise of In-Money
Warrants
2021-09-10−2,429,561→ 0 total(indirect: Please see footnotes)Exercise: $0.01→ Common Stock (2,429,561 underlying) - Exercise of In-Money
Common Stock
2021-09-10$0.01/sh+2,429,561$24,296→ 10,045,803 total(indirect: Please see footnotes) - Sale
Common Stock
2021-09-10$4.00/sh−6,079$24,316→ 10,039,724 total(indirect: Please see footnotes)
NAVIGATION CAPITAL PARTNERS, INC.
10% Owner
Transactions
- Exercise of In-Money
Common Stock
2021-09-10$0.01/sh+2,429,561$24,296→ 10,045,803 total(indirect: Please see footnotes) - Exercise of In-Money
Warrants
2021-09-10−2,429,561→ 0 total(indirect: Please see footnotes)Exercise: $0.01→ Common Stock (2,429,561 underlying) - Sale
Common Stock
2021-09-10$4.00/sh−6,079$24,316→ 10,039,724 total(indirect: Please see footnotes)
Footnotes (3)
- [F1]On September 10, 2021, Navigation Capital Partners SOF I, LLC ("Investment Sub") elected to exercise each of its 24,295 warrants (each such warrant entitling the holder thereof to purchase 100 shares of the Issuer's common stock, par value $0.001 per share (the "Common Stock") at a price of $0.01 per share), and paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 6,079 of the warrant shares to pay the exercise price and issuing to Investment Sub the remaining 2,423,482 shares of Common Stock. Each of the warrants were immediately exercisable and had expiration dates five years from the date of issuance (December 1, 2025, for 10,000 warrants and 79,900 warrants issued on December 1, 2020, and April 7, 2025, for 6,305 warrants issued on April 7, 2020.
- [F2](continued from footnote (1)) 6,305 of the warrants were previously held by SPAC Opportunity Partners, LLC prior to being transferred to Investment Sub, and no Form 4 was filed for such transfer due to administrative error. This Form 4 is being filed late due to administrative error.
- [F3]The reported securities are directly held by Investment Sub, 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.
Documents
Issuer
American Virtual Cloud Technologies, Inc.
CIK 0001704760
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001809677
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 9:01 PM ET
- Size
- 12.9 KB