Business
Digerati Technologies Provides Update on its Plan to List on NASDAQ via Business Combination with Minority Equality Opportunities Acquisition Inc.
Digerati Technologies Provides Update on its Plan to List on NASDAQ via Business Combination with Minority Equality Opportunities Acquisition Inc..
About this update from Digerati Technologies, Inc.
[{"type":"text","content":"\n SAN ANTONIO, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Digerati Technologies, Inc. (OTCQB: DTGI) (\"Digerati\" or the \"Company\"), a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the small to medium-sized business (“SMB”) market, is pleased to provide an update to its previously announced signing of a definitive business combination agreement with Minority Equality Opportunities Acquisition Inc. (NASDAQ: MEOA) (“MEOA”). The Company and MEOA have made significant progress since the business combination agreement was executed on August 30, 2022. Key accomplishments include: MEOA’s filing of the S-4 registration statement for the business combination on November 30, 2022.Filing by MEOA of its Charter Amendment approved by the shareholders of MEOA on November 29, 2022. The transaction results in a $105 million enterprise valuation for Digerati and has been approved by the boards of directors of both of Digerati and MEOA, with an expected closing in the first quarter of CY 2023, subject to shareholder, U.S. Securities and Exchange Commission (“SEC”) and Nasdaq approval.   The S-4 registration statement for the business combination is currently under review by the SEC. For further information on the transaction and related filings, please visit the links below. Minority Equality Opportunities Acquisition Inc. (MEOA) S-4:https://www.sec.gov/ix?doc=/Archives/edgar/data/0001859310/000121390022076458/ea168526-s4_minorityequ.htm Minority Equality Opportunities Acquisition Inc. (MEOA) 8K (Related to the Charter Amendment):https://www.sec.gov/ix?doc=/Archives/edgar/data/0001859310/000121390022077668/ea169534-8k_minority.htm About Digerati Technologies, Inc. Digerati Technologies, Inc. (OTCQB: DTGI) is a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the business market. Through its operating subsidiaries NextLevel Internet (NextLevelinternet.com) T3 Communications (T3com.com), Nexogy (Nexogy.com), and SkyNet Telecom (Skynettelecom.net), the Company is meeting the global needs of small businesses seeking simple, flexible, reliable, and cost-effective communication and network solutions including, cloud PBX, cloud telephony, cloud WAN, cloud call center, cloud mobile, and the delivery of d...