Digerati amends SPAC merger agreement; implied equity value raised to $71.1M

Digerati Technologies, Inc.

Equity value increased from $68.7M to $71.1M, reflecting 240,000 shares to Maxim for advisory services.
Transaction Share Consideration set at 7,108,081 MEOA shares; Bridge Loan Warrants (13,534,535 shares) excluded from equity value.
Amendment clarifies convertible notes and Bridge Loan Warrants are not part of equity value calculation.
Definitions for Bridge Loan Warrants added; Rollover Notes definitions deleted.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Digerati Technologies, Inc. amended Business Combination Agreement with Minority Equality Opportunities Acquisition Inc., a Delaware corporation (“MEOA”), and Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of MEOA (effective 2023-02-14).

Action: amendment
Agreement: merger
Counterparty: Minority Equality Opportunities Acquisition Inc., a Delaware corporation (“MEOA”), and Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of MEOA
Effective: 2023-02-14

Exact text from the filing

On February 14, 2023, the parties to the Business Combination Agreement amended the Business Combination Agreement (the “February Amendment”)

View on SEC.gov

Browse all material agreements →

Digerati Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-012930

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.