Avctechnologies Announces $5 Million Equity Financing With Institutional Investor
Amount Raised
$5 Million
Round Type
Venture
AtlantaInformation TechnologyDescription
American Virtual Cloud Technologies, Inc. (“AVCtechnologies”) (Nasdaq: AVCT) (the “Company”) announced today that it has signed a definitive agreement for a registered direct offering with an institutional investor of 2,500,000 shares of its common stock at a purchase price of $2.00 per share and a Series B Warrant to purchase an additional 2,500,000 shares, for total gross proceeds of $5.0 million, before payment of commissions and expenses. AVCtechnologies would receive an additional $5.0 million in gross proceeds if the Series B Warrant is exercised in full. The Series B Warrant has an exercise price of $2.00 per share, is exercisable on the date of issuance and expires two years from the date of issuance
Quick answer
American Virtual Cloud Technologies, Inc. raised $5 Million in a funding round, dated November 2, 2021. American Virtual Cloud Technologies, Inc. is based in Atlanta, Georgia, United States.
- How much did American Virtual Cloud Technologies, Inc. raise?
- American Virtual Cloud Technologies, Inc. raised $5 Million in a funding round on November 2, 2021.
- What does American Virtual Cloud Technologies, Inc. do?
- Before investing in this offering, interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the company has filed with the SEC that are..
- Where is American Virtual Cloud Technologies, Inc. based and how big is it?
- American Virtual Cloud Technologies, Inc. is based in Atlanta, Georgia, United States.
Source: Fundz verified event record.
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