secwatch.observer — SEC 8-K summary
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Issuer:     Digerati Technologies, Inc. (DTGI)
CIK:        0001014052
Form:       8-K
Filed at:   2022-01-06T23:59:59+00:00
Accession:  0001213900-22-000956
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.02, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digerati closes $5.8M acquisition of SkyNet Telecom; adds $3.4M annual revenue
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- Acquired SkyNet Telecom for $5.8M: $4.1M cash, $1M stock, $600K earn-out, $100K holdback.
- SkyNet adds $3.4M in annual revenue; consolidated pro forma revenue of $18.5M.
- Texas customer base grows 215% to 737 business customers; total subscribers exceed 3,100.
- SkyNet expected to immediately contribute positively to EBITDA and operating income.
- Acquisition funded via $20M Post Road Group financing facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014052/000121390022000956/0001213900-22-000956-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014052/000121390022000956/ea153588-8k_digerati.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-000956

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