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Last Trade
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Last Trade:
$0.17
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Change:
-0.003 (-1.54%)
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Trade Time:
Aug 08
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Market Cap:
$18.44M
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Description of Business
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We were incorporated, in Delaware, as Pensare Acquisition Corp, a special
purpose acquisition company ("SPAC") on April 7, 2016 for the purpose of
entering into one or more mergers, share exchanges, asset acquisitions, stock
purchases, recapitalizations, reorganizations or other similar business
combinations with one or more target businesses.
On April 7, 2020 (the "Computex Closing Date"), we consummated a business
combination transaction (the "Computex Business Combination") in which we
acquired Stratos Management Systems, Inc. ("Computex"), a private operating
company that does business as Computex Technology Solutions. In connection with
the closing of the Computex Business Combination, the Company changed its name
to American Virtual Cloud Technologies, Inc.
On December 1, 2020 (the "Kandy Closing Date"), we acquired the Kandy
Communications business (hereafter referred to as "Kandy" or "Kandy
Communications") from Ribbon Communications, Inc.
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