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Last Trade
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Last Trade:
$2.83
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Change:
-0.45 (-13.72%)
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Trade Time:
Sep 20
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Market Cap:
$57.81M
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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. The Computex
Business Combination was consummated pursuant to the terms of an amended
agreement originally entered into on July 25, 2019. In connection with the
closing of the Computex Business Combination, the Company changed its name to
American Virtual Cloud Technologies, Inc.
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