secwatch.observer — SEC 8-K summary
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Issuer:     American Virtual Cloud Technologies, Inc. (—)
CIK:        0001704760
Form:       8-K
Filed at:   2023-01-12T23:59:59+00:00
Accession:  0001213900-23-002373
Event type: regulatory
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AVCT receives Nasdaq delisting notice after Chapter 11 filing; shares to move to Pink Market
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- Nasdaq notified AVCT on Jan 11, 2023 that its common stock and warrants will be delisted due to Chapter 11 bankruptcy filing and public interest concerns.
- Company will not appeal the delisting determination; trading suspended at opening on Jan 20, 2023.
- Securities expected to begin trading on the Pink Open Market on Jan 20, 2023, but no assurance of active market.
- Company warns equity holders will likely receive little or no recovery in the Chapter 11 process.
- Chapter 11 petitions were filed on Jan 11, 2023 by AVCT and two subsidiaries in Delaware bankruptcy court.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704760/000121390023002373/0001213900-23-002373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704760/000121390023002373/ea171588-8k_american.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-002373

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