secwatch.observer — SEC 8-K summary
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Issuer:     American Virtual Cloud Technologies, Inc. (—)
CIK:        0001704760
Form:       8-K
Filed at:   2023-03-24T23:59:59+00:00
Accession:  0001213900-23-022845
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 2.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704760/000121390023022845/0001213900-23-022845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704760/000121390023022845/ea175729-8k_amerivirtu.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-022845

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