Avc technologies announces receipt of unsolicited non-binding acquisition proposal and exploration of strategic alternatives

Atlanta, april 07, 2021 (globe newswire) -- american virtual cloud technologies, inc. (nasdaq: avct) (“avc technologies” or the “company”) today announced that it has received an unsolicited non-binding proposal, subject to certain conditions, to acquire all of the issued and outstanding shares of common stock of the company (on an as-converted and as-exercised basis) for a price of approximately $9.00 per share.
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