0000899243-20-010544.txt : 20200408
0000899243-20-010544.hdr.sgml : 20200408
20200408212447
ACCESSION NUMBER: 0000899243-20-010544
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200407
FILED AS OF DATE: 20200408
DATE AS OF CHANGE: 20200408
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MASTEC INC
CENTRAL INDEX KEY: 0000015615
STANDARD INDUSTRIAL CLASSIFICATION: WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION [1623]
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38167
FILM NUMBER: 20783008
BUSINESS ADDRESS:
STREET 1: 800 S. DOUGLAS ROAD
STREET 2: 12TH FLOOR
CITY: CORAL GABLES
STATE: FL
ZIP: 33134
BUSINESS PHONE: 3055991800
MAIL ADDRESS:
STREET 1: 800 S. DOUGLAS ROAD
STREET 2: 12TH FLOOR
CITY: CORAL GABLES
STATE: FL
ZIP: 33134
FORMER NAME:
FORMER CONFORMED NAME: BURNUP & SIMS INC
DATE OF NAME CHANGE: 19920703
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: American Virtual Cloud Technologies, Inc.
CENTRAL INDEX KEY: 0001704760
STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1720 PEACHTREE STREET
STREET 2: SUITE 629
CITY: ATLANTA
STATE: GA
ZIP: 30309
BUSINESS PHONE: 404-234-3098
MAIL ADDRESS:
STREET 1: 1720 PEACHTREE STREET
STREET 2: SUITE 629
CITY: ATLANTA
STATE: GA
ZIP: 30309
FORMER COMPANY:
FORMER CONFORMED NAME: PENSARE ACQUISITION Corp
DATE OF NAME CHANGE: 20170425
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-04-07
0
0001704760
American Virtual Cloud Technologies, Inc.
AVCT
0000015615
MASTEC INC
800 S DOUGLAS ROAD, 12TH FLOOR
CORAL GABLES
FL
33134
0
0
1
0
Series A Convertible Debenture
3.45
2020-04-07
4
P
0
3000000
3000000.00
A
2020-04-07
Common Stock
3000000.00
D
Warrant
0.01
2020-04-07
4
P
0
300000
3000000.00
A
2020-04-07
2025-04-07
Common Stock
300000
300000
D
Warrant
11.50
2020-05-07
Common Stock
2000000
2000000
D
Per share, subject to adjustments.
Represents the initial principal amount outstanding under the convertible debenture (the "Convertible Debenture"). The Convertible Debenture was acquired as part of an acquisition of units (each, a "Unit"), with each Unit consisting of (i) $1,000 in principal amount of American Virtual Cloud Technologies, Inc. (f/k/a Pensare Acquisition Corp.) (the "Issuer") Series A convertible debentures and (ii) a warrant to purchase 100 shares of the Issuer's common stock. The purchase price for each Unit was $1,000, and MasTec, Inc. (the "Reporting Person") acquired 3,000 Units.
The Convertible Debenture may be converted in whole or in part at any time from April 7, 2020 until payment in full of the principal amount of the Convertible Debenture (together with all accrued but unpaid interest thereon), subject to mandatory conversion of the Convertible Debenture in whole pursuant to the terms thereof.
The expiration date is the date that the principal amount of the Convertible Debenture (together with all accrued but unpaid interest thereon) is paid in full, subject to mandatory conversion of the Convertible Debenture in whole pursuant to the terms thereof.
The number of shares of Common Stock to be acquired upon conversion of the Convertible Debenture will be determined by dividing the principal amount of the Convertible Debenture so converted (together with all accrued but unpaid interest thereon) by the conversion price.
Per share, subject to adjustments.
The warrant was acquired as part of the Reporting Person's acquisition of Units (described in note 2).
Per share, subject to adjustments.
The warrant may be exercised beginning on the date that is thirty (30) days after the first date on which the Issuer completes a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination, involving the Issuer and one or more businesses or entities (a "Business Combination"). On April 7, 2020, the Issuer consummated a Business Combination in contemplation whereof, the Issuer changed its name from "Pensare Acquisition Corp." to "American Virtual Cloud Technologies, Inc." Accordingly, the warrant will become exercisable on May 7, 2020.
The warrant expires at 5:00 p.m., New York City time on the earlier to occur of: (i) April 7, 2025 and (ii) the liquidation of the Issuer, subject to extension.
/s/ Albert de Cardenas
2020-04-08