4//SEC Filing
NAVIGATION CAPITAL PARTNERS II, L.P. 4
Accession 0001213900-21-048122
CIK 0001704760other
Filed
Sep 13, 8:00 PM ET
Accepted
Sep 14, 9:57 PM ET
Size
9.5 KB
Accession
0001213900-21-048122
Insider Transaction Report
Form 4
NAVIGATION CAPITAL PARTNERS II, L.P.
10% Owner
Transactions
- Exercise of In-Money
Common Stock
2021-09-10$0.01/sh+2,429,561$24,296→ 10,045,803 total - Sale
Common Stock
2021-09-10$4.00/sh−6,079$24,316→ 10,039,724 total - Exercise of In-Money
Warrants
2021-09-10−2,429,561→ 0 totalExercise: $0.01→ Common Stock (2,429,561 underlying)
Footnotes (1)
- [F1]On September 10, 2021, the Reporting Person 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 the Reporting Person 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. 6,305 of the warrants were previously held by SPAC Opportunity Partners, LLC prior to being transferred to the Reporting Person, and no Form 4 was filed for such transfer due to administrative error.
Documents
Issuer
American Virtual Cloud Technologies, Inc.
CIK 0001704760
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001809679
Filing Metadata
- Form type
- 4
- Filed
- Sep 13, 8:00 PM ET
- Accepted
- Sep 14, 9:57 PM ET
- Size
- 9.5 KB