On January 11, 2023, American Virtual Cloud Technologies, Inc. and its direct and indirect wholly owned United States subsidiaries, AVCtechnologies USA, Inc. and Kandy Communications LLC, announced that they have voluntarily filed petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware, (the “Court”). 

The Company anticipates that it will continue normal operations while continuing to pursue initiatives that could result in a sale of all or a portion the Company.

For more information on AVCtechnologies’s bankruptcy filing, please contact the claims agent.