American Virtual Cloud Technologies
(Pensare Acquisition Corp)
In talks with American Virtual Cloud Technologies
American Virtual Cloud Technologies, Inc operates as a special purpose acquisition company. The Company focuses on merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and other similar business combination with one and more businesses.
Rumor from
SPAC Details
SPAC Ticker : WRLS
New Ticker : AVCT
Status : Completed
Sector : Media and Entertainment
Target :
not announced
Trust account : $ 200.0 million
Underwriters : EarlyBirdCapital
Lawyers :
IPO : Jul. 27, 2017
Target Announced : Jul. 25, 2019
Merger Closed : Apr. 07, 2020
Liquidation : Jul. 27, 2019
CEO & Director : Mr. Xavier D. Williams
Exec. Vice Chairman : Mr. Lawrence E. Mock Jr.
Chief Financial Officer : Mr. Thomas H. King
Chief Operating Officer : Mr. Michael A. Dennis
Chief Admin. Officer : Ms. Sheila Marks-Jolivette
Sr. VP of Corp. Communication : Ms. Kathy Snyder
Pres of Emerging Technology : Mr. Faisal Bhutto
Pres of Solution Technology : Mr. Worth Davis
Chief Growth Officer : Dr. Louis J. Hutchinson III
Performance
Common Price : $ 0.98
NAV : $ 10.00
Premium to NAV : -90%
Warrant Price : $
Warrant Strike : $ 11.50
Warrant Intrinsic Value : $ 0.00
Total Return : -99%
Annualized Return : -61%
Annualized Volatility : 136%
Sharpe Ratio : -0.52
Maximum Drawdown : 100%
American Virtual Cloud Technologies
American Virtual Cloud Technologies, Inc operates as a special purpose acquisition company. The Company focuses on merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and other similar business combination with one and more businesses.
Target announced on Jul. 25, 2019
Merger closed on Apr. 07, 2020
Valuation
Shares outstanding : 32.5 million
Current Equity Value at $ per share :
$ 98.4 million
Pro forma Equity Value at Target Announcement : $ 0
Pro forma Enterprise Value at Target Announcement : $ 0
No graph available.
Source: Investor presentation. For the latest financial projections please refer to the investor relations department of the company.