secwatch / observer

Digerati Technologies, Inc. — fact timeline

Source-grounded facts extracted from Digerati Technologies, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

DTGI Digerati Technologies, Inc. JSON

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")”
Debt Financings

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”
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%.

“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”
Material Agreements

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”
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).

“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”)”

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.