Loop Capital initiated coverage of American Virtual Cloud Technologies with a rating of Buy and set a new price target of $17.00

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8-K - American Virtual Cloud Technologies, Inc. (0001704760) (Filer)

10-K - American Virtual Cloud Technologies, Inc. (0001704760) (Filer)

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8-K - American Virtual Cloud Technologies, Inc. (0001704760) (Filer)

8-K - American Virtual Cloud Technologies, Inc. (0001704760) (Filer)

8-K - American Virtual Cloud Technologies, Inc. (0001704760) (Filer)

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ATLANTA, Oct. 18, 2022 (GLOBE NEWSWIRE) -- American Virtual Cloud Technologies, Inc. (the "Company") (NASDAQ:AVCT), today announced that it has entered into definitive agreements with institutional investors for the purchase and sale of 5,000,000 shares of its common stock (the "Shares"), pursuant to a registered direct offering priced at-the-market under Nasdaq rules (the "Offering"), and warrants to purchase up to 10,000,000 Shares (the "Warrants"), in a concurrent private placement (the "Private Placement"). The combined purchase price for one Share and one Warrant will be $2.00. The Warrants will have an exercise price of $1.80 per Share, will be exercisable 45-days following the date

ATLANTA, Sept. 29, 2022 (GLOBE NEWSWIRE) -- American Virtual Cloud Technologies, Inc. (NASDAQ:AVCT) (the "Company") today announces that it intends to effect a 1-for-15 reverse stock split of its issued and outstanding shares of common stock (the "Reverse Stock Split"). The Reverse Stock Split will become effective on September 30, 2022 (the "Effective Time") upon filing with the Delaware Secretary of State of an amendment to the Company's amended and restated certificate of incorporation (the "Charter"), and the Company's common stock is expected to begin trading on a split-adjusted basis when the market opens on October 3, 2022. The Company's common stock will continue to trade on the Na

OTTAWA, ON / ACCESSWIRE / September 12, 2022 / Calian® Group Ltd., (TSX:CGY) a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, is proud to announce the appointment of Michael Muldner as Chief Information Officer (CIO). Mr. Muldner will be assuming leadership from Jerry Johnston. They will work together through September and October to complete a smooth transition and Muldner will officially become the second CIO in Calian history on October 1, 2022.Mr. Muldner's over 24 years of experience leading global technology organizations in both large multinational public companies as well as high growth start-ups will be a

ATLANTA, Aug. 25, 2022 (GLOBE NEWSWIRE) -- American Virtual Cloud Technologies, Inc. (NASDAQ:AVCT) (the "Company") today announces changes to its board of directors and management team, along with the launch of a review to explore the sale of the entire business or selected assets. As part of this shift, the Company announced that Kevin Keough has been named as Chief Executive Officer. Tom King will shift from the role of Chief Financial Officer to Chief of Staff, on an interim basis, reporting to Mr. Keough. Effective September 1, 2022, Adrian Foltz and Onex Evans have been promoted to the roles of Chief Financial Officer and Chief Accounting Officer, respectively, both reporting to Mr. K

ATLANTA, May 03, 2022 (GLOBE NEWSWIRE) -- American Virtual Cloud Technologies, Inc. (NASDAQ:AVCT) (the "Company") today announced several changes to its management team, including the addition of two new senior executives: Chief Product Officer Jay Patel and Chief Revenue Officer Chris Koeneman who will both report directly to AVCT's Chief Executive Officer Darrell J. Mays. Kevin Keough transitioned from the role of President into the role of Chief Transformation Officer and is also reporting to Mr. Mays. "Jay and Chris bring a wealth of relevant industry experience and expertise to our cloud-based, real-time communications platform Kandy that will be instrumental in helping drive a new s

ATLANTA, April 15, 2022 (GLOBE NEWSWIRE) -- American Virtual Cloud Technologies, Inc. (NASDAQ:AVCT) (the "Company") today announced that it has entered into a securities purchase agreement for the sale of a new series of senior secured convertible notes (the "Notes") to an institutional investor, subject to customary closing conditions. The proceeds, after original issue discount, will total $10 million, before payment of commissions and expenses. Provided no Event of Default (as defined in the Notes) has occurred, the Notes will not accrue interest, and the Company will be required to redeem $800,000 of the outstanding amounts under the Notes each month commencing August 1, 2022, until t

ATLANTA, March 21, 2022 (GLOBE NEWSWIRE) -- American Virtual Cloud Technologies, Inc.'s (NASDAQ:AVCT) Kandy Communications business unit (Kandy), a global leader in secure and intelligent cloud communications, will demonstrate its latest innovations for secure digital transformation of enterprise communications and customer engagement at the Enterprise Connect 2022 Conference & Expo: Let's Re-connect! event being held at The Gaylord Palms, Orlando, FL March 21-24, 2022. On display will be Kandy's white label cloud solutions for Unified Communications as a Service (UCaaS), Microsoft Teams Direct Routing as a Service (DRaaS), SIP Trunking as a Service (STaaS) and Communications Platform as

ATLANTA, March 18, 2022 (GLOBE NEWSWIRE) -- American Virtual Cloud Technologies, Inc.'s (NASDAQ:AVCT) announced that its Kandy Communications business unit (Kandy), has joined the new, open source project: "CAMARA - The Telco Global API Alliance." The global partnership will address challenges in porting and reproducing API services across heterogenous operator and cloud architectures. Kandy provides global carrier/operator grade white-label cloud communications services including CPaaS, UCaaS, CCaaS, Microsoft Teams Direct Routing as a Service, SIP Trunking services, and a rich portfolio of real-time communications APIs and supporting functions. CAMARA is the latest project introduced by

ATLANTA, March 16, 2022 (GLOBE NEWSWIRE) -- American Virtual Cloud Technologies, Inc. (the "Company") (NASDAQ:AVCT), a trusted partner providing best-in-class cloud-based solutions to global enterprise customers, today announced it has successfully closed the sale of its Computex Technology Group (Computex) business to Calian Group Ltd. (Calian) (TSX:CGY), completing AVCT's transition to a pure-play cloud communications and collaboration company, centered on its premium Kandy platform. The proceeds from the sale leave AVCtechnologies debt-free. AVCT's Kandy platform, which it acquired in December 2020, is one of the largest pure-play providers of cloud communications services (e.g., UCaaS

ATLANTA, March 01, 2022 (GLOBE NEWSWIRE) -- American Virtual Cloud Technologies, Inc.'s (AVCtechnologies) (NASDAQ:AVCT) Kandy Communications business unit (Kandy), a global leader in secure and intelligent cloud communications, today announced that IPTF Click-to-Connect is available to AT&T IP Toll-Free (IPTF) users. Together with Kandy, AT&T is helping to provide more businesses with the ability to transform their customer experience. AT&T IPTF provides businesses with an inbound Voice over IP (VoIP) service that delivers toll-free voice calls directly to their business locations, permitting customers to call their business without incurring usage charges. With IPTF Click-to-Connect, AT

OTTAWA, ON / ACCESSWIRE / September 12, 2022 / Calian® Group Ltd., (TSX:CGY) a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, is proud to announce the appointment of Michael Muldner as Chief Information Officer (CIO). Mr. Muldner will be assuming leadership from Jerry Johnston. They will work together through September and October to complete a smooth transition and Muldner will officially become the second CIO in Calian history on October 1, 2022.Mr. Muldner's over 24 years of experience leading global technology organizations in both large multinational public companies as well as high growth start-ups will be a

ATLANTA, April 06, 2021 (GLOBE NEWSWIRE) -- American Virtual Cloud Technologies, Inc. (NASDAQ: AVCT), a leading cloud communications and IT service provider, today announced the appointment of Dr. Louis J. Hutchinson, III as its new Chief Growth Officer. In this new role, Hutchinson will be responsible for leading the Global Sales, Marketing and Corporate Communications strategy for the company. As an experienced business executive in the technology and energy industries, Hutchinson brings more than 20 years of leadership expertise, most recently serving as Chief Revenue Officer for WGL Holdings. At WGL Holdings, he contributed to consistent earnings per share growth of approximately 20

ATLANTA, March 04, 2021 (GLOBE NEWSWIRE) -- American Virtual Cloud Technologies, Inc. (NASDAQ: AVCT) (“AVC Technologies”) today announced the addition of Carolyn Byrd to its board of directors and audit committee, effective March 1, 2021. Ms. Byrd will be replacing Suzanne Shank, who will be stepping down. Ms. Byrd most recently served as President of Coca-Cola Financial Corporation, from which she retired in 2000. During her tenure at The Coca-Cola Company, she was promoted to positions of increasing responsibility, including Manager of U.S. and Corporate Treasury, Vice President, Chief Internal Auditor and Director of Corporate Auditing. Since her retirement from The Coca-Cola Company,

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