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

Issuer:     Digerati Technologies, Inc. (DTGI)
CIK:        0001014052
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0001213900-23-039121
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digerati extends MEOA merger outside closing date to May 31 via seventh credit amendment
--------------------------------------------------------------------------------

- Seventh Amendment extends MEOA Merger Outside Closing Date from April 28 to May 31, 2023.
- Post Road defers cash interest due April 3 and May 1 to June 1, 2023; principal ~$34.5M.
- Amendment fee of 0.4% (~$138K) capitalized and added to Term Loan A and C principal.
- New negative covenant on material nonpublic information (MNPI) added to credit agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014052/000121390023039121/0001213900-23-039121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014052/000121390023039121/ea178501-8k_digerati.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-039121

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