American Virtual Cloud Technologies, Inc.

Pensare Acquisition Corp (Nasdaq: WRLS), sponsored by Pensare Group, completed its initial public offering in 2018 targeting the technology and communications sectors. In April 2020, the company announced a business combination with American Virtual Cloud Technologies, Inc., a diversified provider of cloud-based communications and managed technology services. The transaction subsequently closed, with the combined entity carrying on under the AVCT ticker as a publicly traded cloud and unified-communications company. The deal was classified within the broader other and diversified technology category and represents one of the earlier cloud-sector SPAC combinations of that vintage. Sign up at SpacDesk for full filings, timeline data, and deal analytics on this and every other SPAC transaction.

SPAC Counterparty (1)