Brief: Avctechnologies Announces $5 Million Equity Financing With Institutional Investor
02/11/2021 22:49
Nov 2 (Reuters) - American Virtual Cloud Technologies Inc
AVCT.O :
* AVCTECHNOLOGIES ANNOUNCES $5 MILLION EQUITY FINANCING WITH
INSTITUTIONAL INVESTOR
* SIGNED AGREEMENT WITH INSTITUTIONAL INVESTOR OF 2.5
MILLION
SHARES OF ITS COMMON STOCK AT $2.00/SHARE
* CO PLANS TO USE NET PROCEEDS OF APPROX $4.5 MILLION FROM
THIS
OFFERING FOR REDUCTION OF DEBT & WORKING CAPITAL
* AMERICAN VIRTUAL CLOUD TECHNOLOGIES- SIGNED AGREEMENT WITH
AN
INSTITUTIONAL INVESTOR OF A SERIES B WARRANT TO PURCHASE AN
ADDITIONAL 2,500,000 SHARES
Source text for Eikon: ID:nGNX6WrRsN
Further company coverage: AVCT.O
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