American Virtual Cloud Technologies Inc
AVCTW
NASDAQ Capital Market0.02
USD
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American Virtual Cloud Technologies Inc
AVCTW
(NASDAQ Capital Market)
Recent
price
0.02
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.- Similar Companies
- Business
- American Virtual Cloud Technologies Inc American Virtual Cloud Technologies, Inc. (AVCTW) is a provider of cloud-based enterprise communications and IT solutions that ceased operations following its Chapter 11 bankruptcy liquidation in May 2023. The company offered the Kandy cloud communications platform, delivering unified communications as a service (UCaaS), communications platform as a service (CPaaS), contact center as a service, Microsoft Teams Direct Routing as a Service, and SIP Trunking as a Service; it also provided managed services, cybersecurity solutions, enhanced connectivity, network communications, data storage, desktops, servers, licensing, and software management for enterprise customers including service providers, software vendors, systems integrators, and developers worldwide. Founded in 1987 and headquartered in Atlanta, Georgia, it operated globally with strategic partnerships including AT&T, IBM, and Etisalat. In recent major developments, the company filed for Chapter 11 bankruptcy protection in January 2023, confirmed a liquidation plan in May 2023 distributing approximately $6.8 million from asset auctions, and transferred key assets such as the Kandy.io portfolio—including CPaaS, UCaaS, real-time APIs, and related functions—to Skyvera, an affiliate of TelcoDR, in March 2023 as part of its wind-down; the AVCTW warrants, exercisable at $11.50 per share through July 2025, continue to trade nominally with no institutional ownership.