Minority Equality Opportunities Acquisition in a proxy asks shareholders to approve a deadline extension on its proposed merger with Digerati Technologies, a Hispanic-led and founded provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the SME market. The shareholder vote on the extension is Nov. 29, a day before the SPAC’s termination date.
The SPAC wants an extension for up to six months until May 30, 2023.
As announced in September, Digerati would list on the Nasdaq if the deal is approved. The all-stock transaction would form a company with an initial equity value of approximately $228 million, translating into an enterprise value of approximately $145 million, assuming no shareholder redemptions.
Minority Equality Opportunities Acquisition raised $126.5M in an August 2021 IPO. Read more.
