American Virtual Cloud Technologies, Inc. filed a notice for the selection of Successful Bidder in the US Bankruptcy Court for the sale of substantially all its assets on March 7, 2023. As a result of the auction conducted on March 7, 2023, Skyvera, LLC has been selected as the winning bidder for the sale of debtor's subsidiary substantially all its assets for a purchase price of $6.78 million. The debtor selected Soprano Design Limited as backup bidder.