---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-007013"
form_type: "8-K/A"
ticker: "DTGI"
cik: "0001014052"
company_name: "Digerati Technologies, Inc."
filed_at: "2022-02-11T23:59:59+00:00"
generated_at: "2026-06-27T08:39:37.950033+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Digerati files audited financials for acquired Next Level; FY2021 rev $11.6M, net loss $472K

## Summary
- Total consideration for Next Level acquisition approximately $20M ($14M cash, $2.5M note, $3.5M stock).
- Next Level's FY2021 revenue $11.57M (up 15% YoY from $10.08M).
- Net loss improved to $472K from $1.23M; accumulated deficit $4.77M.
- As of July 31, 2021, cash $735K, working capital deficit $6.48M, positive operating cash flow $555K.
- Next Level provides UCaaS and managed connectivity to ~1,000 customers.

## SEC filing metadata
- accession: 0001213900-22-007013
- form_type: 8-K/A
- ticker: DTGI
- cik: 0001014052
- company_name: Digerati Technologies, Inc.
- filed_at: 2022-02-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1014052/000121390022007013/0001213900-22-007013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1014052/000121390022007013/ea155238-8ka1_digerati.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-007013
- JSON: https://secwatch.observer/filing/0001213900-22-007013.json
- Plain text: https://secwatch.observer/filing/0001213900-22-007013.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.