4//SEC Filing
ELLIS U. BERTRAM JR. 4
Accession 0001213900-21-004907
CIK 0001704760other
Filed
Jan 27, 7:00 PM ET
Accepted
Jan 28, 4:16 PM ET
Size
9.0 KB
Accession
0001213900-21-004907
Insider Transaction Report
Form 4
ELLIS U. BERTRAM JR.
Director
Transactions
- Purchase
Warrants
2021-01-17+100,000→ 100,000 totalExercise: $0.01Exp: 2025-12-01→ Common Stock (100,000 underlying) - Purchase
Series A-1 convertible debentures
2021-01-17Exercise: $3.45→ Common Stock (289,855 underlying)
Footnotes (2)
- [F1]The reported securities are included within 1,000 units of securities (the "Units") purchased by the reporting person from the Issuer for $1,000 per Unit. Each Unit consists of (i) $1,000 in principal amount of the Company's Series A-1 convertible debentures (the "Debentures") and (ii) one warrant (each, a "Warrant") to purchase 100 shares of the Company's Common Stock, par value $0.0001 per share, at an exercise price of $0.01 per whole share. The Debentures and Warrants are immediately exercisable, subject to a conversion cap applicable until 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
Related Parties
1- filerCIK 0001712947
Filing Metadata
- Form type
- 4
- Filed
- Jan 27, 7:00 PM ET
- Accepted
- Jan 28, 4:16 PM ET
- Size
- 9.0 KB