3//SEC Filing
SPAC Opportunity Partners Investment Sub, LLC 3
Accession 0001213900-21-004376
CIK 0001704760other
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 4:08 PM ET
Size
6.9 KB
Accession
0001213900-21-004376
Insider Transaction Report
Form 3
Holdings
Warrants
Exercise: $0.01From: 2020-12-01Exp: 2025-12-01→ Common Stock (1,000,000 underlying)Series A-1 Convertible Debentures
Exercise: $3.45From: 2020-12-01→ Common Stock (2,898,550 underlying)
Footnotes (2)
- [F1]On December 1, 2020, SPAC Opportunity Partners Investment Sub, LLC (the "Reporting Person") purchased 10,000 units of the Issuer's securities at a price of $1,000 per unit, pursuant to that certain securities purchase agreement, dated as of December 1, 2020, by and among the Reporting Person, the Issuer and the other parties specified therein, with each unit consisting of (i) $1,000 in principal amount of the Issuer's Series A-1 convertible debentures and (ii) one warrant to purchase 100 shares of the Issuer's common stock. The Reporting Person will have the right to the full underlying share amount when the Issuer obtains the requisite stockholder approval to issue the full amount of underlying shares.
- [F2]The expiration date is the date that the principal amount of the Series A-1 convertible debenture (together with all accrued but unpaid interest thereon) is paid in full, subject to mandatory conversion in whole pursuant to the terms thereof. The entire principal sum amount of the Series A-1 convertible debenture, together with accrued and unpaid interest thereon, is due and payable on the earlier to occur of (i) such date, commencing on or after the 30 month anniversary of December 1, 2020, as the holder, at its sole option, upon not less than 30 days' prior written notice to the Issuer, demands payment thereof and (ii) the occurrence of a Change in Control (as defined therein).
Documents
Issuer
American Virtual Cloud Technologies, Inc.
CIK 0001704760
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001842314
Filing Metadata
- Form type
- 3
- Filed
- Jan 25, 7:00 PM ET
- Accepted
- Jan 26, 4:08 PM ET
- Size
- 6.9 KB