Source-grounded facts extracted from Digerati Technologies, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Arthur L. Smith was appointed as chief executive officer at Digerati Technologies, Inc..
“the board of directors of the Company (the "Board") re-appointed Arthur L. Smith to serve as CEO of the Company, approving Mr. Smith's return to his role as CEO.”
Craig K. Clement changed role as interim chief executive officer at Digerati Technologies, Inc..
“Craig K. Clement relinquished his temporary appointment as interim chief executive officer ("CEO") of Digerati Technologies, Inc. (the "Company")”
Digerati Technologies, Inc. amended credit facility of approximately $41,279,000 with Post Road Administrative LLC maturing November 17, 2024.
“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”
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%.
“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”
Digerati Technologies, Inc. entered into Revolving Credit Agreement with Thermo Communications Funding, LLC valued at $2,000,000 (effective 2024-02-02).
“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”
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).
“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”)”
Craig K. Clement was appointed as interim Chief Executive Officer at Digerati Technologies, Inc..
“On October 6, 2023, the Board of Directors of the Company (the “Board”) appointed Craig K. Clement, the current Executive Chairman of the Company, as interim CEO during Mr. Smith’s temporary medical leave of absence.”
Arthur L. Smith departed as Chief Executive Officer at Digerati Technologies, Inc..
“On October 6, 2023, Arthur L. Smith, the Chief Executive Officer (“CEO”) of Digerati Technologies, Inc. (the “Company”), notified the Company that he will take a temporary medical leave of absence from his role as CEO, effective immediately, in connection with his recent surgery.”
Digerati Technologies, Inc. amended Letter Amendment to Credit Agreement with Post Road Administrative LLC and Post Road Special Opportunity Fund II LP valued at Outstanding principal balance of approximately $36,937,372.42 (effective 2023-08-04).
“On August 16, 2023, the Company, the Verve Cloud Nevada Parties, and Post Road entered into the Letter Agreement to the Credit Agreement (the “Letter Agreement”), with an effective date of August 4, 2023 (the “Effective Date”).”
Digerati Technologies, Inc. terminated Business Combination Agreement with Minority Equality Opportunities Acquisition Inc., MEOA Merger Sub, Inc. (effective 2023-06-15).
“On June 15, 2023, Digerati terminated the Business Combination Agreement pursuant to Section 7.1(d) of the Business Combination Agreement.”
Digerati Technologies, Inc. amended Amendment No. 4 to the Original Business Combination Agreement with Minority Equality Opportunities Acquisition Inc. and MEOA Merger Sub, Inc. (effective 2023-05-30).
“On May 30, 2023, the parties to the Business Combination Agreement entered into Amendment No. 4 to the Original Business Combination Agreement ("Amendment No. 4", and together with the Original Business Combination Agreement, as amended by that certain Amendment No. 1 to Business Combination Agreement dated as of February 14, 2023, by that certain Amendment No. 2 to Business Combination Agreement dated as of February 24, 2023 and by that certain Amendment No. 3 to Business Combination Agreement dated as of May 1, 2023, the "Business Combination Agreement").”
Digerati Technologies, Inc. incurred convertible notes of $55,000 with Lucas Ventures, LLC maturing February 9, 2024.
“a securities purchase agreement (the “LV SPA”) whereby the Company issued a convertible promissory note to LV (the “LV Note”). The aggregate principal amount of the LV Note was $55,000 with an original issue discount of $5,000. The gross proceeds the Company received prior to payment of transaction expenses was $50,000. The LV Note has a maturity date of”
Digerati Technologies, Inc. incurred convertible notes of approximately $275,000 with MGR Limited Partnership maturing earlier of (i) October 14, 2023, or (ii) the thirtieth (30th) day following the Company’s up-list transaction on the Nasdaq Capital Market.
“a promissory note and shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), to MGR. The aggregate principal amount of the note was approximately $275,000 with an original issue discount of $25,000. The actual amount of the purchase price the Company received was $250,000. The maturity date of the MGR Note is the earlier of (i)”
Digerati Technologies, Inc. entered into LV SPA and LV Note with Lucas Ventures, LLC valued at $55,000 (effective 2023-05-09).
“On May 9, 2023, the Company and Lucas Ventures, LLC (“LV”) entered into a securities purchase agreement (the “LV SPA”) whereby the Company issued a convertible promissory note to LV (the “LV Note”).”
Digerati Technologies, Inc. entered into MGR Note with MGR Limited Partnership valued at approximately $275,000 (effective 2023-04-14).
“On April 14, 2023, Digerati Technologies, Inc. (the “Company”) entered into a convertible promissory note (the “MGR Note”) with MGR Limited Partnership (“MGR”).”
Digerati Technologies, Inc. amended Amendment No. 3 with Minority Equality Opportunities Acquisition Inc., a Delaware corporation, and MEOA Merger Sub, Inc., a Delaware corporation (effective 2023-05-01).
“On May 1, 2023, the parties to the Business Combination Agreement entered into Amendment No. 3 to the Original Business Combination Agreement”
Digerati Technologies, Inc. amended credit facility of total Net Unpaid Principal Amount the Company is allowed to borrow in the form of convertible loans to $3,500,000 with Post Road Administrative LLC and Post Road Special Opportunity Fund II LLP at Not explicitly stated in excerpt. maturing Not changed by this amendment..
“On April 3, 2023, the Company, the T3 Nevada Parties, and Post Road entered into a Sixth Amendment to Credit Agreement (the “Sixth Amendment”). Pursuant to the Sixth Amendment, Post Road agreed to increase the total Net Unpaid Principal Amount the Company is allowed to borrow in the form of convertible loans to $3,500,000 (such bridge loans are hereinafter referred to individually as a “Bridge Loan” and collectively as the “Bridge Loans”). This amount was increased from the $3,000,000 agreed to in February 2023 pursuant to that certain Consent, Limited Waiver and Fourth Amendment to Credit Agreement and Amendment to Notes. As used herein, the term “Net Unpaid Principal Amount” means the principal dollar amount of a Bridge Loan, less the original issue discount (if any) and less the transaction costs paid in cash by the Company upon the closing thereof. Pursuant to the Sixth Amendment, Post Road agreed to defer the cash interest otherwise due and payable on April 3, 2023 to the May 1, 2”
Digerati Technologies, Inc. incurred convertible notes of $110,000 with LGH Investments, LLC at Not explicitly stated in excerpt. maturing December 7, 2023.
“On March 7, 2023, the Company and LGH Investments, LLC (“LGH”) entered into a securities purchase agreement (the “LGH SPA”) whereby the Company issued a convertible promissory note to LGH (the “LGH Note”). Although the LGH SPA and other transaction documents are dated March 7, 2023 and funding occurred on such date, the LGH SPA and LGH Note were finalized on March 27, 2023. The aggregate principal amount of the LGH Note was $110,000 with an original issue discount of $10,000. The gross proceeds the Company received prior to payment of transaction expenses was $100,000. The LGH Note has a maturity date of December 7, 2023. The LGH Note can be converted into shares of Common Stock at any time on or following the earlier of (i) May 12, 2023 or (ii) sixty (60) calendar days after the Common Stock is listed on Nasdaq or the New York Stock Exchange.”
Digerati Technologies, Inc. incurred convertible notes of $192,000 with Mast Hill Fund, L.P. at Not explicitly stated in excerpt. maturing March 17, 2024.
“to convert all or any portion of the amount the Company owes pursuant to the April Note into shares of the Common Stock. The aggregate principal amount of the April Note was $192,000 with an original issue discount of $28,800. The gross proceeds the Company received prior to payment of transaction expenses was $159,200. The April Note has a maturity date of”
Digerati Technologies, Inc. amended Sixth Amendment with Post Road valued at $3,500,000 (effective 2023-04-03).
“On April 3, 2023, the Company, the T3 Nevada Parties, and Post Road entered into a Sixth Amendment to Credit Agreement (the "Sixth Amendment").”
Digerati Technologies, Inc. entered into LGH SPA with LGH Investments, LLC valued at $110,000 (effective 2023-03-07).
“On March 7, 2023, the Company and LGH Investments, LLC ("LGH") entered into a securities purchase agreement (the "LGH SPA") whereby the Company issued a convertible promissory note to LGH (the "LGH Note").”
Digerati Technologies, Inc. entered into April SPA with Mast Hill Fund, L.P. valued at $192,000 (effective 2023-04-03).
“On April 3, 2023, the Company and the Investor entered into a new securities purchase agreement (the "April SPA") whereby the Company issued a new promissory note to the Investor (the "April Note").”
Digerati Technologies, Inc. amended Amendment No. 2 with Minority Equality Opportunities Acquisition Inc., Merger Sub, Inc. (effective 2023-02-24).
“On February 24, 2023, the parties to the Business Combination Agreement entered into Amendment No. 2 to the Original Business Combination Agreement”
Digerati Technologies, Inc. amended Business Combination Agreement with Minority Equality Opportunities Acquisition Inc., a Delaware corporation (“MEOA”), and Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of MEOA (effective 2023-02-14).
“On February 14, 2023, the parties to the Business Combination Agreement amended the Business Combination Agreement (the “February Amendment”)”
Digerati Technologies, Inc. amended Credit Agreement with Post Road Administrative LLC and its affiliate Post Road Special Opportunity Fund II LLP (effective 2023-02-03).
“On February 3, 2023, the Company, the T3 Nevada Parties, and Post Road entered into a Consent, Limited Waiver and Fourth Amendment to Credit Agreement and Amendment to Notes (the “Fourth Amendment”).”
Digerati Technologies, Inc. incurred convertible notes of approximately $482,354 at ten percent (10%) per annum maturing twelve (12) months after issuance.
“Pursuant to the SPAs, the December Investors purchased, and the Company issued, unsecured promissory notes (the “Notes”) in the aggregate principal amount totaling approximately $482,354”
Digerati Technologies, Inc. incurred convertible notes of $660,000 at ten percent (10%) per annum maturing May 24, 2023.
“on January 25 and January 26, 2023. Each January Investor lent $600,000 to the Company for total gross proceeds of $1.2 million. Each Convertible Note has a principal amount of $660,000, a ten percent (10%) per annum interest rate and mature on May 24, 2023 (such date, the “Convertible Note Maturity Date”). The Company is obligated to make monthly interest only”
Digerati Technologies, Inc. entered into Notes with three accredited investors (the December Investors) valued at approximately $482,354 (effective 2022-12-29).
“In December 2022, the Company entered into securities purchase agreements (the “SPAs”) with a total of three (3) accredited investors (the “December Investors”). The closing of the third of these transactions took place on December 29, 2022. With the largest of these three transaction consisting of a loan in the principal amount of $188,235, each individual transaction was not material to the Company. The combined amount owed pursuant to these three loans, however, is material to the Company.”
Digerati Technologies, Inc. entered into Convertible Notes with two accredited investors (the January Investors) valued at total gross proceeds of $1.2 million (effective 2023-01-24).
“On January 24, 2023, Digerati Technologies, Inc. (the “Company”), issued two unsecured convertible promissory notes (the “Convertible Notes”) to two accredited investors (the “January Investors”). The closing of the transactions took place on January 25 and January 26, 2023. Each January Investor lent $600,000 to the Company for total gross proceeds of $1.2 million.”
Digerati Technologies, Inc. incurred convertible notes of approximately $1,670,000 with Mast Hill Fund, L.P. maturing November 22, 2023.
“Pursuant to the SPA, the Investor purchased, and the Company issued, an unsecured promissory note (the “Note”) in the aggregate principal amount totaling approximately $1,670,000 (the “Principal Amount”) with an original issue discount of $250,500.”
Digerati Technologies, Inc. entered into Securities Purchase Agreement with Mast Hill Fund, L.P. valued at approximately $1,670,000 (effective 2022-11-28).
“On November 28, 2022, Digerati Technologies, Inc. (the “Company”), entered into a securities purchase agreement (the “SPA”) with Mast Hill Fund, L.P. (the “Investor”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.