other material
confidence high
sentiment neutral
materiality 0.60
Digerati Technologies doubles equity plan share limit to 15M, grants and reprices 8.75M options to executives
Digerati Technologies, Inc.
- Share reserve under 2015 Equity Plan increased from 7.5M to 15.0M shares.
- On May 25, 2023, 8,745,000 options granted to CEO, Chairman, director, and CFO at $0.095 strike.
- All options fully vested upon grant and expire December 1, 2027.
- On August 15, 2023, the exercise price of all these options was repriced to $0.032 per share.
- New options replaced previously expired or near-expiry options for each executive.