secwatch.observer — SEC 8-K summary
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Issuer:     Digerati Technologies, Inc. (DTGI)
CIK:        0001014052
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001213900-23-039807
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digerati Technologies issues $330K in convertible notes to MGR and Lucas Ventures
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- Issued $275,000 convertible note to MGR Limited Partnership; net proceeds $250,000 after $25,000 OID.
- Issued $55,000 convertible note to Lucas Ventures; net proceeds $50,000 after $5,000 OID.
- Issued 358,000 commitment shares to MGR and 300,000 inducement shares to Lucas.
- Conversion price for both notes is $0.10 per share, convertible upon Nasdaq up-list.
- MGR note matures Oct 14, 2023; Lucas note matures Feb 9, 2024; both are unregistered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014052/000121390023039807/0001213900-23-039807-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014052/000121390023039807/ea178596-8k_digerati.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-039807

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