---
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"
generated_at: "2026-06-06T05:07:32.783926+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Digerati extends Post Road forbearance to Nov 2024; secures $2M revolver

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-011691
- JSON: https://secwatch.observer/filing/0001213900-24-011691.json
- Plain text: https://secwatch.observer/filing/0001213900-24-011691.txt

## Key facts
- Debt Financings
  Digerati Technologies, Inc. amended credit facility of approximately $41,279,000 with Post Road Administrative LLC maturing November 17, 2024.
  - Instrument: credit facility
  - Principal: approximately $41,279,000
  - Counterparty: Post Road Administrative LLC
  - Maturity: November 17, 2024
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1014052/000121390024011691/0001213900-24-011691-index.htm
- Debt Financings
  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%.
  - Instrument: revolving credit
  - Principal: $2,000,000
  - Counterparty: Thermo Communications Funding, LLC
  - Rate: the Wall Street Journal prime rate (currently 8.50%) plus 2.75%
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1014052/000121390024011691/0001213900-24-011691-index.htm
- Material Agreements
  Digerati Technologies, Inc. entered into Revolving Credit Agreement with Thermo Communications Funding, LLC valued at $2,000,000 (effective 2024-02-02).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Thermo Communications Funding, LLC
  - Value: $2,000,000
  - Effective: 2024-02-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1014052/000121390024011691/0001213900-24-011691-index.htm
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Post Road Administrative LLC and Post Road Special Opportunity Fund II LP
  - Value: approximately $41,279,000
  - Effective: 2024-02-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1014052/000121390024011691/0001213900-24-011691-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.