secwatch.observer — SEC 8-K summary
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Issuer:     Digerati Technologies, Inc. (DTGI)
CIK:        0001014052
Form:       8-K/A
Filed at:   2022-02-11T23:59:59+00:00
Accession:  0001213900-22-007013
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014052/000121390022007013/0001213900-22-007013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014052/000121390022007013/ea155238-8ka1_digerati.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-007013

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