Minority Equality Opportunities Acquisition in a preliminary proxy asks sharehodlers for 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 small to medium-sized business market.
The SPAC wants approval for six monthly extensions, as necessary, from the current Nov. deadline 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.
