secwatch.observer — SEC 8-K summary
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Issuer:     Digerati Technologies, Inc. (DTGI)
CIK:        0001014052
Form:       8-K/A
Filed at:   2022-01-21T23:59:59+00:00
Accession:  0001213900-22-003057
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014052/000121390022003057/0001213900-22-003057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014052/000121390022003057/ea154299-8ka1_digerati.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-003057

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