---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-022845"
form_type: "8-K"
ticker: null
cik: "0001704760"
company_name: "American Virtual Cloud Technologies, Inc."
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T16:50:18.926742+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# AVCTQ sells substantially all assets to Skyvera for $6.78M; stockholders likely get nothing

## Summary
- Asset sale closed March 24, 2023; cash purchase price of $6,780,062 paid by Skyvera, LLC.
- Court approved the sale on March 15, 2023 after auction on March 7, 2023.
- Company anticipates no proceeds for stockholders; securities to be cancelled under Chapter 11 plan.
- Chapter 11 cases filed Jan 11, 2023; disposition of substantially all assets now complete.

## SEC filing metadata
- accession: 0001213900-23-022845
- form_type: 8-K
- cik: 0001704760
- company_name: American Virtual Cloud Technologies, Inc.
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1704760/000121390023022845/0001213900-23-022845-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704760/000121390023022845/ea175729-8k_amerivirtu.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-022845
- JSON: https://secwatch.observer/filing/0001213900-23-022845.json
- Plain text: https://secwatch.observer/filing/0001213900-23-022845.txt

## Key facts
- M&A Transactions
  American Virtual Cloud Technologies, Inc. completed a disposition involving Skyvera, LLC for $6,780,062 (closed 2023-03-24).
  - Action: disposition
  - Counterparty: Skyvera, LLC
  - Consideration: $6,780,062
  - Closing: 2023-03-24
  source text: disposition of substantially all of the Debtors’ assets. The winning bid at the Auction was submitted by the Purchaser, which agreed to pay cash consideration in the amount of $6,780,062. On March 10, 2023, the Sellers and the Purchaser executed an amended and restated Asset Purchase Agreement (the “Purchase Agreement”), reflecting the cash purchase price of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1704760/000121390023022845/0001213900-23-022845-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.