WAXAHACHIE, Texas, May 24, 2023
/PRNewswire/ -- 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. 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 10:00
a.m. EDT on Friday, May 26, 2023.
Based upon the preliminary reports that have been provided to
MEOA, the holders of an aggregate of 728,815 public shares of
MEOA's Class A common stock have submitted requests that their
public shares be redeemed in connection with the Special Meeting,
with these redemptions only taking effect upon the closing of the
Business Combination. At the closing of the Business Combination,
an aggregate of 52,013 public shares shall remain outstanding. This
amount takes into account the redemptions discussed in this
paragraph plus the redemptions that were requested and that took
effect in connection with MEOA's special meeting of stockholders
held on May 23, 2023.
About Minority Equality Opportunities Acquisition
Inc.
Minority Equality Opportunities Acquisition Inc. is a blank
check company, also commonly referred to as a special purpose
acquisition company, or SPAC, organized under the laws of
Delaware and formed to effect a
merger, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with companies that
are minority owned, led or founded.
About Digerati Technologies, Inc.
Digerati Technologies, Inc. (OTCQB: DTGI) is a provider of cloud
services specializing in UCaaS (Unified Communications as a
Service) solutions for the business market. Through its operating
subsidiary Verve Cloud, Inc. (f/k/a T3 Communications, Nexogy, and
NextLevel Internet), the Company is meeting the global needs of
small businesses seeking simple, flexible, reliable, and
cost-effective communication and network solutions including, cloud
PBX, cloud telephony, cloud WAN, cloud call center, cloud mobile,
and the delivery of digital oxygen on its broadband network. The
Company has developed a robust integration platform to fuel mergers
and acquisitions in a highly fragmented market. as it delivers
business solutions on its carrier-grade network and Only in the
Cloud™. For more information, please visit www.digerati-inc.com and
follow DTGI on LinkedIn, Twitter and Facebook.
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN
APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY
AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS
OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION
CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.
No Offer or Solicitation
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities, or a solicitation
of any vote or approval, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Important Information and Where to Find It
This press release is being made in respect of the proposed
business combination transaction involving MEOA and Digerati. MEOA
has filed a registration statement on Form S-4 with the SEC, which
includes a proxy statement for MEOA shareholders and which also
serves as a prospectus related to offers and sales of the
securities of the combined entity. A definitive proxy
statement/prospectus was sent to the stockholders of MEOA on or
about May 5, 2023, seeking required
stockholder approval. Before making any voting or investment
decision, investors and security holders of MEOA are urged to
carefully read the entire registration statement and proxy
statement/prospectus, and any other relevant documents filed with
the SEC, as well as any amendments or supplements to these
documents, because they contain important information about the
proposed transaction. The documents filed with the SEC may be
obtained free of charge at the SEC's website
at www.sec.gov.
In addition, the documents filed with the SEC may be obtained
free of charge from MEOA's website
at https://www.meoaus.com.
Participants in the Solicitation
MEOA, Digerati and certain of their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies from stockholders, in favor of the approval
of the merger. Information regarding the directors and executive
officers of MEOA and Digerati, and other persons who may be deemed
participants in the solicitation, may be obtained by reading the
registration statement and the proxy statement/prospectus and other
relevant documents filed with the SEC. Free copies of these
documents may be obtained as described above.
Forward-Looking Statements
This press release includes certain statements that are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under the applicable securities laws.
Forward-looking statements generally are accompanied by words such
as "believe," "may," "will," "estimate," "continue," "anticipate,"
"intend," "expect," "should," "would," "plan," "predict,"
"potential," "seem," "seek," "future," "outlook," and similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters.
These forward-looking statements include, but are not limited
to, statements regarding the terms and conditions of the proposed
business combination and related transactions disclosed herein, the
timing of the consummation of such transactions, assumptions
regarding shareholder redemptions and the anticipated benefits and
financial position of the parties resulting therefrom. These
statements are based on various assumptions and/or on the current
expectations of MEOA or Digerati's management. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as and must not be relied on by
any investor or other person as, a guarantee, an assurance, a
prediction or a definitive statement of fact or probability. Actual
events and circumstances are difficult or impossible to predict and
will differ from assumptions. Many actual events and circumstances
are beyond the control of MEOA and/or Digerati. These
forward-looking statements are subject to a number of risks and
uncertainties, including but not limited to general economic,
financial, legal, political and business conditions and changes in
domestic and foreign markets; the amount of redemption
requests made by MEOA's public shareholders; NASDAQ's approval of
the listing application of the combined company; changes in the
assumptions underlying Digerati's expectations regarding its
future business; the effects of competition on Digerati's future
business; and the outcome of judicial proceedings to which Digerati
is, or may become, a party.
If the risks materialize or assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
Digerati and MEOA presently do not know or currently believe are
immaterial that could also cause actual results to differ
materially from those contained in the forward-looking statements.
In addition, forward-looking statements reflect expectations,
assumptions, plans or forecasts of future events and views as of
the date of this press release. Digerati and MEOA anticipate that
subsequent events and developments will cause these assessments to
change. However, while Digerati and/or MEOA may elect to update
these forward-looking statements at some point in the future, each
of Digerati and MEOA specifically disclaims any obligation to do
so, except as required by applicable law. These forward-looking
statements should not be relied upon as representing Digerati's or
MEOA (or their respective affiliates') assessments as of any date
subsequent to the date of this press release. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
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SOURCE Minority Equality Opportunities Acquisition Inc.
