secwatch.observer — SEC 8-K summary
======================================

Issuer:     Digerati Technologies, Inc. (DTGI)
CIK:        0001014052
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001213900-23-028014
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digerati enters $302k convertible notes, increases Post Road facility to $3.5M
------------------------------------------------------------------------------

- Issued $192k April Note to Mast Hill Fund ($159.2k net); warrant for 1,207,186 shares; 241,500 commitment shares.
- Issued $110k LGH Note ($100k net) plus 300,000 inducement shares; conversion price $0.0956 per share.
- Sixth Amendment with Post Road raises bridge loan cap to $3.5M (from $3.0M) and defers April 3 cash interest to May 1.
- April Note matures March 17, 2024; LGH Note matures December 7, 2023; conversion begins after Merger or July 17, 2023.
- Merger with Minority Equality Opportunities Acquisition Inc. (MEOA) remains pending; conversion rights tied to deal close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014052/000121390023028014/0001213900-23-028014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014052/000121390023028014/ea176566-8k_digerati.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-028014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer