Digerati amends 8-K with Skynet Telecom audited FY2021 financials; acquisition closed Dec 31, 2021

Digerati Technologies, Inc.

Skynet FY2021 revenue $3.562M, net income $602k; Q1 FY2022 revenue $914k, net income $72k (vs $148k YoY).
Consideration: $4.8M cash plus $1.0M restricted stock, subject to working capital adjustment and earn-out.
Skynet is a South Texas VoIP provider; assets acquired by Digerati's subsidiary Shift8 Networks.
Pro forma combined financials (unaudited) filed to reflect the acquisition for year ended Jul 2021 and Q1 ended Oct 2021.

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