Digerati Technologies signs Business Combination Agreement with SPAC MEOA; expected close Q4 2022

Digerati Technologies, Inc.

Merger of MEOA Merger Sub with Digerati; Digerati survives as wholly-owned subsidiary of MEOA, renamed Digerati Holdings, Inc.
Exchange ratio for Digerati common stock; stock options, warrants, preferred stock, and convertible notes converted based on exchange ratio.
Expected closing in Q4 2022, subject to stockholder approvals, Nasdaq listing approval, and other customary conditions.
Termination fees: $2M payable by Digerati to MEOA in certain termination scenarios; $1.265M in other scenarios.
Sponsor and certain Digerati stockholders enter support agreements; lock-up of 180 days for certain Digerati stockholders.

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