secwatch.observer — SEC 8-K summary
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Issuer:     Digerati Technologies, Inc. (DTGI)
CIK:        0001014052
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001213900-23-069384
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digerati Technologies capitalizes ~$1.9M unpaid interest; extends Term Loan C maturity to Nov 2023
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- Capitalized all accrued cash interest (~$1.86M) and amendment fee ($59k) into principal; outstanding ~$36.9M.
- All interest accruing after Aug 4, 2023 will be paid in kind (PIK) instead of cash until maturity.
- Maturity of Term Loan C extended 90 days from Aug 4 to Nov 2, 2023.
- Event of default for non-payment of the capitalized interest waived solely for that amount.
- Post Road charged a one-time non-refundable amendment fee of $59,082.47, also capitalized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014052/000121390023069384/0001213900-23-069384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014052/000121390023069384/ea183921-8k_digeratitech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-069384

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