secwatch.observer — SEC 8-K summary
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Issuer:     Digerati Technologies, Inc. (DTGI)
CIK:        0001014052
Form:       8-K
Filed at:   2022-02-10T23:59:59+00:00
Accession:  0001213900-22-006475
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digerati acquires NextLevel Internet for up to $12.9M; expects $31.5M annualized revenue
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- Total purchase price up to $12.9M: $8.9M cash, $2M unsecured notes, $2M convertible notes.
- Acquisition adds ~1,000 SMB clients in California; consolidated annualized revenue expected to reach $31.5M.
- Deal partly financed by $10M Term Loan C Note from Post Road; net proceeds of $9.75M to fund cash portion.
- NextLevel President Derek Gietzen to remain in role and join Digerati executive management team.
- Acquisition expected to be accretive to EBITDA and operating income in FY2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014052/000121390022006475/0001213900-22-006475-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014052/000121390022006475/ea155302-8k_digerati.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-006475

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