M&A
confidence high
sentiment neutral
materiality 0.55
Digerati provides update on $105M enterprise value merger with MEOA; Q2 CY2023 close targeted
Digerati Technologies, Inc.
- Enterprise valuation of $105 million for Digerati; boards of both companies approved the deal.
- Expected closing in Q2 CY2023, subject to SEC effectiveness of S-4/A, NASDAQ listing approval, and shareholder votes.
- Business combination agreement extended to April 28, 2023.
- MEOA and Digerati preparing second S-4/A filing after SEC Staff comments on Feb 15, 2023 S-4/A.
- Digerati will file Form 10-Q for Jan 31, 2023 and MEOA will file Form 10-K for Dec 31, 2022 prior to next S-4/A.