Brief: Avctechnologies Announces Significant Debt Reduction And Increased Equity Float From Conversion Of Debentures, And Renewed Focus On Additional Investment In Cloud Technology
16/09/2021 22:06
Sept 16 (Reuters) - American Virtual Cloud Technologies Inc
AVCT.O :
* AVCTECHNOLOGIES ANNOUNCES SIGNIFICANT DEBT REDUCTION AND
INCREASED EQUITY FLOAT FROM CONVERSION OF DEBENTURES, AND
RENEWED FOCUS ON ADDITIONAL INVESTMENT IN CLOUD TECHNOLOGY
* AVCTECHNOLOGIES - TO EXPLORE STRATEGIC OPPORTUNITIES FOR
ITS IT
SOLUTIONS BUSINESS, INCLUDING PLANNED DIVESTITURE OF COMPUTEX
TECHNOLOGY GROUP
* AVCTECHNOLOGIES - PROCESS ESTABLISHED UPON RECEIPT OF
PREVIOUSLY
ANNOUNCED NON-BINDING PROPOSAL DID NOT RESULT IN SUBMISSION OF A
DEFINITIVE OFFER
Source text for Eikon: ID:nGNX3YB5bh
Further company coverage: AVCT.O
((reuters.briefs@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
U.S. STOCKS ON THE MOVE-Tesla, Eton Pharma, Jack Henry & Associates
American Virtual Cloud Technologies plummets after filing for bankruptcy
Brief: American Virtual Cloud Says Co & Two Subsidiaries Filed Voluntary Petitions Under Chapter 11