other
confidence high
sentiment neutral
materiality 0.65
Digerati Technologies enters equity purchase agreement for up to $5M with Peak One Opportunity Fund
Digerati Technologies, Inc.
- Company may direct Peak One to buy up to $5M of common stock in multiple tranches over 24 months.
- Minimum put of $20,000; maximum per put is $250,000 or 250% of average daily trading value.
- Purchase price set at 88% of Market Price (lower of specified trading prices over 10 days before put or 7 days after clearing).
- Peak One must receive registered shares; Company to file resale registration statement within 30 days.
- Investor represented as accredited investor; agreement contains standard representations and conditions.