Digerati | Jotup

Digerati CEO to take Temporary Medical Leave of Absence

Retrieved on:

Friday, October 6, 2023

OTCQB, Texas Emerging Technology Fund, Innovation, Commercialization, Unified communications, Globalscape, Growth, SAN, Management, Digerati

SAN ANTONIO, Oct. 06, 2023 (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, announced today that CEO Arthur L. Smith will take a temporary medical leave of absence relating to a recent surgery, effective immediately.

Key Points:

SAN ANTONIO, Oct. 06, 2023 (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, announced today that CEO Arthur L. Smith will take a temporary medical leave of absence relating to a recent surgery, effective immediately.
Craig K. Clement, Digerati’s Executive Chairman, will serve as the interim CEO during Mr. Smith’s absence.
Mr. Clement stated, “The Board and I have complete confidence in the Company’s ability to continue executing on its strategic initiatives announced last month.
He has served as a member of the Company’s Board since 2014 and as Executive Chairman of the Company since 2015.

Digerati Technologies Highlights Accomplishments in FY2023 and Outlines Strategic Initiatives through FY2025

Retrieved on:

Wednesday, September 13, 2023

The Company’s key accomplishments for FY2023 included:

Key Points:

The Company’s key accomplishments for FY2023 included:
Successfully integrating its acquisitions of Skynet Telecom and NextLevel Internet that the Company completed in the second fiscal quarter of FY2022.
The Company launched its Contact Center as a Service (CCaaS) solution that broadened its portfolio of solutions for the SMB market.
Derek Gietzen, a seasoned executive with a track record of managing successful high-growth companies, is named as the Company’s President.
The full operational integration included combining people, processes, and systems that resulted in single billing, ticketing, CRM, and accounting systems.

Digerati Technologies Terminates its Business Combination Agreement with Minority Equality Opportunities Acquisition, Inc.

Retrieved on:

Friday, June 23, 2023

Unified communications, OTCQB, Smith, Business analyst, EBITDA, Acquisition, BCA, SAN, ROI, Retail, Digerati

SAN ANTONIO, June 23, 2023 (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, announced today that it has terminated its Business Combination Agreement (the “BCA”) with Minority Equality Opportunities Acquisition, Inc. (“MEOA”).

Key Points:

SAN ANTONIO, June 23, 2023 (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, announced today that it has terminated its Business Combination Agreement (the “BCA”) with Minority Equality Opportunities Acquisition, Inc. (“MEOA”).
We have a solid and proven business model that has taken us from $200,000 in annual revenue to over $32 million since its launch in FY2017.
During the current 2023 fiscal year, we optimized our acquisition platform that was built for scaling organically and via mergers and acquisitions.
At this point, we are eager to return to acquisition mode and pursue strategic opportunities that have been on hold pending the closing of the business combination with MEOA.”

Digerati Technologies Reports 50% Year-to-Date Revenue Growth to $23.908 Million Through Third Quarter FY2023

Retrieved on:

Friday, June 16, 2023

SAN ANTONIO, June 16, 2023 (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, announced today financial results for the three months ended April 30, 2023, the Company’s third quarter for its Fiscal Year 2023, and nine months ended April 30, 2023.

Key Points:

Key Financial Highlights for the Nine Months Ended April 30, 2023 (Compared to the Nine Months Ended April 30, 2022)
Revenue increased by 50% to $23.908 million compared to $15.959 million.
Net loss increased by 48% to $7.012 million, compared to a net loss of $4.726 million.
Key Financial Highlights for the Third Quarter Fiscal Year 2023 Ended April 30, 2023 (Compared to Third Quarter Fiscal Year 2022 Ended April 30, 2022)
Revenue decreased by 4% to $7.837 million compared to $8.163 million.
Net loss increased by 158% to $2.244 million, compared to a net income of $3.902 million.

Minority Equality Opportunities Acquisition Inc. Announces Further Postponement of Special Meeting of Shareholders

Retrieved on:

Monday, June 12, 2023

Business, Business analyst, EDT, Prospectus, Acquisition, Special, Retail, Digerati

On May 24, 2023, MEOA determined to postpone the Special Meeting until Friday, May 26, 2023, and on each of May 25, 2023 and May 31, 2023, MEOA determined to further postpone the Special Meeting.

Key Points:

On May 24, 2023, MEOA determined to postpone the Special Meeting until Friday, May 26, 2023, and on each of May 25, 2023 and May 31, 2023, MEOA determined to further postpone the Special Meeting.
On June 12, 2023, MEOA determined to further postpone the Special Meeting until a date, on or prior to June 30, 2023, to be determined by MEOA.
At such time as the date and time of the Special Meeting, as postponed, is determined, MEOA shall issue a press release and file and Current Report on Form 8-K providing such information to its stockholders.
MEOA shall endeavor to publicly disclose the date and time of the Special Meeting, as postponed, not less than forty-eight (48) hours in advance of the Special Meeting.

Digerati Technologies, Inc. Announces Further Postponement of Special Meeting of Shareholders

Retrieved on:

Monday, June 12, 2023

Unified communications, OTCQB, Business analyst, EDT, SAN, Special, Digerati

On May 24, 2023, Digerati determined to postpone the Special Meeting until Friday, May 26, 2023, then on May 25, 2023 and May 30, 2023 the Company announced further postponements.

Key Points:

On May 24, 2023, Digerati determined to postpone the Special Meeting until Friday, May 26, 2023, then on May 25, 2023 and May 30, 2023 the Company announced further postponements.
On June 12, 2023, Digerati determined to further postpone the Special Meeting until a date, on or prior to June 30, 2023.
At such time as the date and time of the Special Meeting is decided, Digerati shall issue a press release and file a Current Report on Form 8-K providing such information to its stockholders.
Digerati shall endeavor to publicly disclose the date and time not less than forty-eight (48) hours in advance of the Special Meeting.

Digerati Technologies, Inc. Announces Further Postponement of Special Meeting of Shareholders

Retrieved on:

Wednesday, May 31, 2023

Business analyst, Unified communications, OTCQB, SAN, EDT, Special, Digerati

On May 24, 2023, Digerati determined to postpone the Special Meeting until 11:00 a.m. EDT on Friday, May 26, 2023.

Key Points:

On May 24, 2023, Digerati determined to postpone the Special Meeting until 11:00 a.m. EDT on Friday, May 26, 2023.
On May 25, 2023, Digerati determined to further postpone the Special Meeting until 2:00 p.m. EDT on Wednesday, May 31, 2023.
On May 30, 2023, Digerati determined to further postpone the Special Meeting until a date, on or prior to June 12, 2023, to be determined by Digerati.
At such time as the date and time of the Special Meeting, as postponed, is determined, Digerati shall issue, at least 48 hours in advance, a press release and file a Current Report on Form 8-K providing such information to its stockholders.

Minority Equality Opportunities Acquisition Inc. Announces Further Postponement of Special Meeting of Shareholders

Retrieved on:

Wednesday, May 31, 2023

Business, Business analyst, EDT, Prospectus, Acquisition, Special, Digerati

Waxahachie, TX, May 31, 2023 (GLOBE NEWSWIRE) -- On May 3, 2023, Minority Equality Opportunities Acquisition Inc. (NASDAQ: MEOA) (“MEOA” or the “Company”), a special purpose acquisition company, filed a definitive proxy statement / final prospectus with respect to a special meeting of its stockholders to be held on Wednesday, May 24, 2023 at 10:00 a.m. EDT (the “Special Meeting”) to vote on, among other things, a proposal to adopt and approve that certain Business Combination Agreement by and among MEOA, Digerati Technologies, Inc. (“Digerati”) and MEOA Merger Sub, Inc., and the business combination contemplated thereby (the “Business Combination”).

Key Points:

Waxahachie, TX, May 31, 2023 (GLOBE NEWSWIRE) -- On May 3, 2023, Minority Equality Opportunities Acquisition Inc. (NASDAQ: MEOA) (“MEOA” or the “Company”), a special purpose acquisition company, filed a definitive proxy statement / final prospectus with respect to a special meeting of its stockholders to be held on Wednesday, May 24, 2023 at 10:00 a.m. EDT (the “Special Meeting”) to vote on, among other things, a proposal to adopt and approve that certain Business Combination Agreement by and among MEOA, Digerati Technologies, Inc. (“Digerati”) and MEOA Merger Sub, Inc., and the business combination contemplated thereby (the “Business Combination”).
On May 24, 2023, MEOA determined to postpone the Special Meeting until Friday, May 26, 2023, and 0n May 25, 2023, MEOA determined to further postpone the Special Meeting until Wednesday, May 31, 2023.
On May 30, 2023, MEOA determined to further postpone the Special Meeting until a date, on or prior to June 12, 2023, to be determined by MEOA.
At such time as the date and time of the Special Meeting, as postponed, is determined, MEOA shall issue a press release and file and Current Report on Form 8-K providing such information to its stockholders.

Digerati Technologies, Inc. Announces Postponement of Special Meeting of Shareholders Until Wednesday, May 31, 2023, at 2:00 p.m. EDT

Retrieved on:

Friday, May 26, 2023

Business analyst, Unified communications, OTCQB, Prospectus, SAN, EDT, Special, Security (finance), Beauty salon, Bank, Digerati

SAN ANTONIO, Texas, May 26, 2023 (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, filed a definitive proxy statement / final prospectus with respect to a special meeting of its stockholders to be held on Thursday, May 25, 2023 at 11:00 a.m. EDT (the “Special Meeting”) to vote on, among other things, a proposal to adopt and approve that certain Business Combination Agreement by and among Digerati, Minority Equality Opportunities Acquisition Inc., a Delaware corporation (“MEOA”) and MEOA Merger Sub, Inc., and the business combination contemplated thereby (the “Business Combination”).

Key Points:

SAN ANTONIO, Texas, May 26, 2023 (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, filed a definitive proxy statement / final prospectus with respect to a special meeting of its stockholders to be held on Thursday, May 25, 2023 at 11:00 a.m. EDT (the “Special Meeting”) to vote on, among other things, a proposal to adopt and approve that certain Business Combination Agreement by and among Digerati, Minority Equality Opportunities Acquisition Inc., a Delaware corporation (“MEOA”) and MEOA Merger Sub, Inc., and the business combination contemplated thereby (the “Business Combination”).
On May 25, 2023, Digerati determined to postpone the Special Meeting until 2:00 p.m. EDT on Wednesday, May 31, 2023.

Minority Equality Opportunities Acquisition Inc. Announces Postponement of Special Meeting of Shareholders Until Wednesday, May 31, 2023 at 2:00 p.m. EDT and Provides Market Update

Retrieved on:

Friday, May 26, 2023

Business, Business analyst, EDT, Bangladesh Securities and Exchange Commission, Prospectus, Sumathi Best Television Current Reporting Award, Acquisition, Special, Lifting, Security (finance), Cryptocurrency, Digerati

On May 24, 2023, MEOA determined to postpone the Special Meeting until 10:00 a.m. EDT on Friday, May 26, 2023.

Key Points:

On May 24, 2023, MEOA determined to postpone the Special Meeting until 10:00 a.m. EDT on Friday, May 26, 2023.
On May 25, 2023, MEOA determined to further postpone the Special Meeting until 2:00 p.m. EDT on Wednesday, May 31, 2023.
The trading halt was imposed following volatility in the trading price and volume of MEOA’s securities on the morning on Wednesday, May 24, 2023.
Those stockholders who submitted requests that their shares be redeemed may withdraw such redemption requests, with MEOA’s consent, at any time until the closing of the Business Combination.