American Virtual Cloud Technologies, Inc. filed a combined plan of liquidation and disclosure statement in the US Bankruptcy Court on March 21, 2023. As per the plan filed, administrative expense claims, priority tax claims, professional claims, priority nontax claims of $0.31 million, secured claims, statutory fees, shall be paid in full in cash. General unsecured claims of $6.10 million shall be recovered between 90% to 95% i.e. $5.10 million and shall receive its pro rata share of the net distributable proceeds.

Intercompany claims shall be eliminated. AVCT equity interests shall be cancelled and shall not receive any distribution under the plan. Intercompany equity interests shall be reinstated.

The plan shall be funded through cash. American Virtual Cloud Technologies, Inc. filed a modified combined plan of liquidation and disclosure statement in the US Bankruptcy Court on April 5, 2023. As per the plan filed, there are no changes in the treatment of any claim class or sources of plan funding.

American Virtual Cloud Technologies, Inc. filed a solicitation version of modified combined plan of liquidation and disclosure statement in the US Bankruptcy Court on April 5, 2023. As per the plan filed, there are no changes in the treatment of any claim class or sources of plan funding.