4//SEC Filing
Bogdan Michael 4
Accession 0001213900-21-036707
CIK 0001014052other
Filed
Jul 12, 8:00 PM ET
Accepted
Jul 13, 4:31 PM ET
Size
13.8 KB
Accession
0001213900-21-036707
Insider Transaction Report
Form 4
Transactions
- Sale
Warrant (Right to Buy)
2021-07-13−10,750,452→ 70,760,673 totalExercise: $0.01Exp: 2030-11-17→ Common Stock (10,750,452 underlying)
Post Road SOF GP II LLC
10% Owner
Transactions
- Sale
Warrant (Right to Buy)
2021-07-13−10,750,452→ 70,760,673 totalExercise: $0.01Exp: 2030-11-17→ Common Stock (10,750,452 underlying)
Davis Kevin C.
10% Owner
Transactions
- Sale
Warrant (Right to Buy)
2021-07-13−10,750,452→ 70,760,673 totalExercise: $0.01Exp: 2030-11-17→ Common Stock (10,750,452 underlying)
Post Road Group LP
10% Owner
Transactions
- Sale
Warrant (Right to Buy)
2021-07-13−10,750,452→ 70,760,673 totalExercise: $0.01Exp: 2030-11-17→ Common Stock (10,750,452 underlying)
Bogdan Michael
10% Owner
Transactions
- Sale
Warrant (Right to Buy)
2021-07-13−10,750,452→ 70,760,673 totalExercise: $0.01Exp: 2030-11-17→ Common Stock (10,750,452 underlying)
Footnotes (3)
- [F1]On July 13, 2021, Post Road Special Opportunity Fund II LP (the "Fund") assigned to Post Road Special Opportunity Fund II Offshore LP (the "Offshore Fund") approximately 13.19% of a warrant (the "Warrant") issued by Digerati Technologies, Inc. (the "Issuer") to the Fund. The 13.19% of the Warrant so assigned by the Fund to the Offshore Fund is exercisable into 10,750,452 shares of the Issuer's common stock, par value $0.001 per share ("Common Stock"), at any time at the holder's election at an exercise price of $0.01 per share, and has an expiration date of November 17, 2030.
- [F2]Post Road SOF GP II LLC (the "General Partner") is the General Partner of each of the Fund and the Offshore Fund. Post Road Group LP (the "Manager") is the manager and investment advisor of each of the Fund and the Offshore Fund. The General Partner and the Manager may be deemed to have an indirect beneficial ownership with respect to the securities held by the Fund and the Offshore Fund. Michael Bogdan and Kevin C. Davis (the "Managing Partners") are the Managing Partners of each of the General Partner and the Manager, through which the Managing Partners may be deemed to have an indirect beneficial ownership with respect to the securities held by the Fund and the Offshore Fund.
- [F3]Each reporting person disclaims beneficial ownership of all interests reported on this Form 4 except to the extent of such reporting person's pecuniary interests. The Offshore Fund, the General Partner, the Manager and the Managing partners have filed a Form 4 with the Securities and Exchange Commission on the date hereof with respect to the Offshore Fund's acquisition of the approximately 13.19% of the Warrant described herein.
Documents
Issuer
Digerati Technologies, Inc.
CIK 0001014052
Entity typeother
Related Parties
1- filerCIK 0001832835
Filing Metadata
- Form type
- 4
- Filed
- Jul 12, 8:00 PM ET
- Accepted
- Jul 13, 4:31 PM ET
- Size
- 13.8 KB