Brief: American Virtual Cloud Says Co & Two Subsidiaries Filed Voluntary Petitions Under Chapter 11
11/01/2023 13:39
Jan 11 (Reuters) - American Virtual Cloud Technologies
Inc AVCT.O :
* AMERICAN VIRTUAL CLOUD - CO & TWO SUBSIDIARIES,
AVCTECHNOLOGIES
USA, INC. AND KANDY COMMUNICATIONS, LLC FILED VOLUNTARY
PETITIONS UNDER CHAPTER 11
* AMERICAN VIRTUAL CLOUD -DEBTORS HAVE FILED MOTION WITH
COURT
SEEKING JOINT ADMINISTRATION OF CASES UNDER CAPTION IN RE
AMERICAN VIRTUAL CLOUD., ET AL.
* AMERICAN VIRTUAL CLOUD- DETERMINED IT IS MOST BENEFICIAL
TO
CONTINUE TO REVIEW ITS STRATEGIC OPTIONS, WHICH MAY INCLUDE A
PROCESS TO SELL ITS ASSETS
* AMERICAN VIRTUAL CLOUD TECHNOLOGIES INC - ON JANUARY 6,
GOT
NOTICE FROM NASDAQ NOTIFYING THAT CO DID NOT SATISFY CERTAIN
CONTINUED LISTING REQUIREMENT
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