Navigation Capital Partners SOF I, LLC 4
4 · American Virtual Cloud Technologies, Inc. · Filed Sep 10, 2021
Insider Transaction Report
Form 4
Transactions
- Conversion
Common Stock
2021-09-08+2,104,097→ 2,104,097 total - Conversion
Series A Convertible Debentures
2021-09-08→ 0 total→ Common Stock (2,104,097 underlying) - Conversion
Common Stock
2021-09-08+5,512,145→ 7,616,242 total - Conversion
Series A-1 Convertible Debentures
2021-09-08→ 0 total→ Common Stock (5,512,145 underlying)
Footnotes (1)
- [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.