secwatch.observer — SEC 8-K summary
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Issuer:     Digerati Technologies, Inc. (DTGI)
CIK:        0001014052
Form:       8-K/A
Filed at:   2021-07-26T23:59:59+00:00
Accession:  0001213900-21-038450
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digerati files Nexogy financials; acquired UCaaS firm had $418K net loss, going concern
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- Nexogy FY2020 revenue $6.35M, net loss $418K, accumulated deficit $3.08M.
- Auditor expressed substantial doubt about Nexogy's ability to continue as going concern.
- Working capital deficit of $2.68M; current liabilities $3.88M exceed current assets $1.20M.
- Related party notes payable $3.39M as of July 31, 2020; reliance on related party financing.
- Acquisition closed Nov 2020; Digerati will provide working capital; cost savings anticipated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014052/000121390021038450/0001213900-21-038450-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014052/000121390021038450/ea144699-8ka1_digeratitech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-038450

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