American Virtual Cloud Technologies plummets after filing for bankruptcy
** Shares in cloud-based communications platform American
Virtual Cloud Technologies AVCT.O fall 40.8% to $0.83
** Co files for Chapter 11 bankruptcy
** Reports estimated assets and liabilities of between $10
mln and $50 mln
** Stock fell nearly 97% in 2022
(Reporting by Eva Mathews in Bengaluru)
((Eva.mathews@thomsonreuters.com))
Recent news on American Virtual Cloud Technologies
See all newsBrief: American Virtual Cloud Technologies Says United States Bankruptcy Court Entered Order Confirming Debtors' Amended Combined Disclosure Statement And Chapter 11 Plan Of Liquidation
Brief: American Virtual Cloud Technologies Says On April 6, Notified Kevin Keough, Co's CEO, His Full-Time Employment Would Be Terminated Effective April 7
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American Virtual Cloud Technologies plummets after filing for bankruptcy
Brief: American Virtual Cloud Says Co & Two Subsidiaries Filed Voluntary Petitions Under Chapter 11