secwatch.observer — SEC 8-K summary
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Issuer:     Digerati Technologies, Inc. (DTGI)
CIK:        0001014052
Form:       8-K/A
Filed at:   2021-07-16T23:59:59+00:00
Accession:  0001213900-21-037243
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digerati files ActiveServe acquisition financials; target earned $269K net on $1.95M revenue
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- Acquisition of ActiveServe closed Nov 17, 2020; total purchase price $2.555M in cash, note, and earn-out.
- ActiveServe FY2020 (Jul 31): revenue $1.949M, net income $269K, total assets $523K.
- ActiveServe Q1 FY2021 (Oct 31): revenue $463K (-11% YoY), net income $45K (-58% from $108K).
- Digerati files pro forma combined financials for three months and year ended Jul 31, 2020.
- Consulting agreements with two former ActiveServe executives at $90K/year each.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014052/000121390021037243/0001213900-21-037243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014052/000121390021037243/ea144298-8ka1_digeratitec.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-037243

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer