wrong! read it again.... the ticker will be deleted! The Company "only "going to NASDAQ by merging to $MEOA . so no need to get to $1.00 or $4.00 requirement
Highlights of the transaction include:
Transaction to result in Digerati becoming a listed company on NASDAQ and delisting from OTC Markets.
Combined company to have an initial equity value of approximately $228 million translating into an enterprise value of approximately $145 million, assuming no redemptions by MEOA stockholders.
MEOA currently has approximately $129.9 million cash in trust as of September 2, 2022.
New capital and being a NASDAQ listed company is expected to provide Digerati with flexibility for additional strategic and accretive acquisitions in the UCaaS sector.
The current Digerati management team will continue to operate the business.
The current Digerati Board of Directors will remain with one additional director to be appointed by the Company and Shawn D. Rochester, CEO of MEOA, joining the Company’s Board of Directors at the closing of the transaction.
All existing Digerati shareholders will receive 100% of their equity in the pro forma company.
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