secwatch.observer — SEC 8-K summary
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Issuer:     Digerati Technologies, Inc. (DTGI)
CIK:        0001014052
Form:       8-K
Filed at:   2022-09-06T23:59:59+00:00
Accession:  0001213900-22-054246
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014052/000121390022054246/0001213900-22-054246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014052/000121390022054246/ea165341-8k_digeratitech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-054246

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