---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-077314"
form_type: "8-K"
ticker: "DTGI"
cik: "0001014052"
company_name: "Digerati Technologies, Inc."
filed_at: "2022-12-02T23:59:59+00:00"
generated_at: "2026-06-21T10:02:26.817244+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Digerati Technologies issues $1.67M promissory note to Mast Hill Fund, with conversion and warrant shares

## Summary
- Issued unsecured promissory note for ~$1.67M principal (with $250.5K OID) to Mast Hill Fund; net proceeds ~$1.42M.
- Note convertible into common stock at $0.0956/share; also issued warrant to purchase up to 10.5M shares at $0.1195.
- Issued 2.1M commitment shares to investor; conversion restricted to <4.99% beneficial ownership.
- Net proceeds used partly for deposit into MEOA trust to extend SPAC merger deadline, plus working capital.
- Note matures Nov 22, 2023; amortization payments of $200K-$400K quarterly starting Feb 2023.

## SEC filing metadata
- accession: 0001213900-22-077314
- form_type: 8-K
- ticker: DTGI
- cik: 0001014052
- company_name: Digerati Technologies, Inc.
- filed_at: 2022-12-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1014052/000121390022077314/0001213900-22-077314-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1014052/000121390022077314/ea169572-8k_digeratitech.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-077314
- JSON: https://secwatch.observer/filing/0001213900-22-077314.json
- Plain text: https://secwatch.observer/filing/0001213900-22-077314.txt

## Key facts
- Debt Financings
  Digerati Technologies, Inc. incurred convertible notes of approximately $1,670,000 with Mast Hill Fund, L.P. maturing November 22, 2023.
  - Instrument: convertible notes
  - Principal: approximately $1,670,000
  - Counterparty: Mast Hill Fund, L.P.
  - Maturity: November 22, 2023
  - Event: incurrence
  source text: Pursuant to the SPA, the Investor purchased, and the Company issued, an unsecured promissory note (the “Note”) in the aggregate principal amount totaling approximately $1,670,000 (the “Principal Amount”) with an original issue discount of $250,500.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1014052/000121390022077314/0001213900-22-077314-index.htm
- Material Agreements
  Digerati Technologies, Inc. entered into Securities Purchase Agreement with Mast Hill Fund, L.P. valued at approximately $1,670,000 (effective 2022-11-28).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Mast Hill Fund, L.P.
  - Value: approximately $1,670,000
  - Effective: 2022-11-28
  source text: On November 28, 2022, Digerati Technologies, Inc. (the “Company”), entered into a securities purchase agreement (the “SPA”) with Mast Hill Fund, L.P. (the “Investor”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1014052/000121390022077314/0001213900-22-077314-index.htm

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