{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-011691","form_type":"8-K","ticker":"DTGI","cik":"0001014052","company_name":"Digerati Technologies, Inc.","filed_at":"2024-02-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.101416+00:00","generated_at":"2026-06-06T05:07:32.783926+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Digerati extends Post Road forbearance to Nov 2024; secures $2M revolver","bullets":["Third Forbearance Agreement extends Post Road loan maturity to Nov 17, 2024; forbearance on existing defaults.","Principal balance owed to Post Road approx. $41.279M; amendment fee of 3% added to principal.","New $2M revolving credit facility with Thermo Communications Funding; interest at prime+2.75% (floor 10.50%).","Financial covenants reset: minimum liquidity $750k, fixed charge ratio 1.25x, max churn 3.0%; EBITDA/leverage covenants removed.","Convertible note holders extend payments to Dec 31, 2024; warrants for 14M shares exchanged for 8.16M common shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-011691","json":"https://secwatch.observer/filing/0001213900-24-011691.json","markdown":"https://secwatch.observer/filing/0001213900-24-011691.md","text":"https://secwatch.observer/filing/0001213900-24-011691.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1014052/000121390024011691/0001213900-24-011691-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1014052/000121390024011691/ea193153-8k_digerati.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T05:07:32.783926+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1ca06ce65f5ce2d4f0bde6050cca76dec4ec9922","claim":"Digerati Technologies, Inc. amended credit facility of approximately $41,279,000 with Post Road Administrative LLC maturing November 17, 2024.","evidence_excerpt":"giving effect to the amendment fee, the principal balance owed by the Verve Cloud Nevada Parties to Post Road and its affiliates, as of February 2, 2024, was approximately $41,279,000. The foregoing summary of the Third Forbearance Agreement contains only a brief description of the material terms of the Third Forbearance Agreement and such description is","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1014052/000121390024011691/0001213900-24-011691-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"approximately $41,279,000"},{"label":"Counterparty","value":"Post Road Administrative LLC"},{"label":"Maturity","value":"November 17, 2024"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"9e22524ea99ce2191de8cc5d234f89ff17b1684e","claim":"Digerati Technologies, Inc. incurred revolving credit of $2,000,000 with Thermo Communications Funding, LLC at the Wall Street Journal prime rate (currently 8.50%) plus 2.75%.","evidence_excerpt":"certain other provisions of the Post Road Credit Agreement and the related promissory notes, which amendments include, without limitation, (a) permitting incurrence of up to $2,000,000 of new indebtedness under the Revolving Credit Facility (as defined and further described below), (b) providing that all interest otherwise due under the Post Road Credit","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1014052/000121390024011691/0001213900-24-011691-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$2,000,000"},{"label":"Counterparty","value":"Thermo Communications Funding, LLC"},{"label":"Rate","value":"the Wall Street Journal prime rate (currently 8.50%) plus 2.75%"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"612eafd5e8fa26b3ae837d2603dabe3b7e64a095","claim":"Digerati Technologies, Inc. entered into Revolving Credit Agreement with Thermo Communications Funding, LLC valued at $2,000,000 (effective 2024-02-02).","evidence_excerpt":"On February 2, 2024, the Verve Cloud Nevada Parties entered into a loan and security agreement (the “Revolving Credit Agreement”) among the Verve Cloud Nevada Parties, Thermo Communications Funding, LLC, as agent for the lenders parties thereto","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1014052/000121390024011691/0001213900-24-011691-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Thermo Communications Funding, LLC"},{"label":"Value","value":"$2,000,000"},{"label":"Effective","value":"2024-02-02"}],"fact_type":"material_agreement"},{"claim_id":"c1d6e1a146a01a86454244f30b79bed444920b1f","claim":"Digerati Technologies, Inc. amended Third Forbearance Agreement with Post Road Administrative LLC and Post Road Special Opportunity Fund II LP valued at approximately $41,279,000 (effective 2024-02-02).","evidence_excerpt":"Post Road Administrative LLC and its affiliate Post Road Special Opportunity Fund II LP (collectively, “Post Road”), entered into a Third Forbearance Agreement and Amendment to Loan Documents (the “Third Forbearance Agreement”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1014052/000121390024011691/0001213900-24-011691-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Post Road Administrative LLC and Post Road Special Opportunity Fund II LP"},{"label":"Value","value":"approximately $41,279,000"},{"label":"Effective","value":"2024-02-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}