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Announced

Digerati Technologies to list on NASDAQ via a merger with Minority Equality Opportunities Acquisition in a $145m deal.

Financials

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Transaction Value£126m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Software

Single Bidder

Domestic

Reverse Takeover

Merger

Pending

software

Friendly

De-SPAC

Acquisition

Majority

United States

Public

Synopsis

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Digerati Technologies, a cloud services company, agreed to list on NASDAQ via a merger with Minority Equality Opportunities Acquisition, a special purpose acquisition company, in a $145m deal. "Our merger with MEOA positions Digerati for continued growth in a rapidly expanding and highly fragmented market. We believe a business combination with MEOA will facilitate the acceleration of our M&A strategy in a market with a healthy pipeline of acquisition targets and contribute to the combined company's organic growth as we continue providing small to medium-sized businesses with solutions and superior customer service," Arthur Smith, Digerati CEO.

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