Minority Equal Opportunity Acquisition Corporation Announces Extension of Deadline to Complete Business Combination

Waxahatchee, Texas, December May 2022 /PRNewswire/ — Minority Equal Opportunity Acquisition Corporation. (NASDAQ: MEOA) (“MEOA” or the “Company”) announced today that at its special meeting of stockholders on November 29, 2022Its shareholders have approved amendments to its amended and restated certificate of incorporation to extend the date by which the company must complete its initial business combination November 30, 2022 Extension of up to six months to May 30, 2023, or such earlier date as may be determined by the Board of Directors of the Company.For each month of extension, the amount of funding is $83,333.33 Must be deposited into the company’s trust account for the full six-month extended period of the total deposit $500,000.

United Nations November 30, 2022, $83,333.33 Deposits into the company’s trust account have been made to extend the period by which the company must complete its initial business combination, the first of its kind for a one-month extension.

The extension provides the company with additional time to complete its proposed business combination with Digerati Technologies, Inc.According to the date of August 30, 2022 Between the Company and Digerati Technologies, Inc.

About Minority Equal Opportunity to Acquire Companies.

A Minority Equal Opportunity Acquisition Corporation is a blank check company, also commonly referred to as a special purpose acquisition company or SPAC, formed under the following laws: Delaware Formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with a minority owned, led or founded company.

About Digerati Technologies, Inc.

Digerati Technologies (OTC: DTGI) is a cloud service provider specializing in UCaaS (Unified Communications as a Service) solutions for the business market. Through its operating subsidiaries NextLevel Internet (NextLevelinternet.com), T3 Communications (T3com.com), Nexogy (Nexogy.com) and SkyNet Telecom (Skynettelecom.net), Digerati is meeting the needs of Communication and network solutions, including cloud PBX, cloud telephony, cloud WAN, cloud call center, cloud mobile, and providing digital oxygen on its broadband network. Digerati has developed a powerful integration platform to drive mergers and acquisitions in a highly fragmented market. Because it delivers business solutions on its carrier-grade network and Only in the Cloud™. For more information, visit www.digerati-inc.com and follow DTGI on LinkedIn, Twitter and Facebook.

Investments in any securities described herein have not been approved or disapproved by the U.S. Securities and Exchange Commission or any other regulatory authority, nor have any authority approved or endorsed the merits of this offering or the accuracy or adequacy of the information contained herein. Any statement to the contrary is a criminal offence.

no offer or solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or the solicitation of any vote or approval, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale may be made. 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 about the proposed business combination transaction involving MEOA and Digerati. The parties intend to file a registration statement on Form S-4 (or such other form as they may determine applicable) with the SEC, which will include a proxy statement to shareholders of MEOA and Digerati, and will offer and sell securities of the combined entity as a prospectus. MEOA will also file additional documents with the U.S. Securities and Exchange Commission regarding the proposed transaction. A definitive proxy statement/prospectus will also be sent to shareholders of MEOA and Digerati seeking required shareholder approval. Before making any voting or investment decisions, investors and securityholders of MEOA and Digerati are urged to carefully read the entire Registration Statement and Proxy Statement/Prospectus, as well as any other related filings with the SEC, as well as any Amendments or additions to these documents as they will contain important information regarding the proposed transaction. SEC filings are available free of charge on the SEC’s website at www.sec.gov.

Additionally, filings with the SEC are available free of charge from the MEOA website at https://www.meoaus.com and the Digerati website at https://digerati-inc.com.

Participate in solicitation

MEOA, Digerati and certain of their respective directors and executive officers may be deemed to have participated in the proxy solicitation in support of the approval of the merger. Information regarding directors and executive officers of MEOA and Digerati, and other persons who may be deemed to participate in the solicitation, may be obtained by reading the registration statement and proxy statement/prospectus and other related filings with the SEC. Free copies of these documents can be obtained as described above.

forward-looking statement

This press release contains certain statements that are not historical facts, but forward-looking statements that are safe harbors under applicable securities laws. Forward-looking statements are often accompanied by words such as “believes,” “may,” “will,” “estimates,” “continue,” “expects,” “intends,” “anticipates,” “should,” “will,” etc. “plans,” “forecasts,” “potential,” “seems,” “seeks,” “future,” “looking forward” and similar expressions that predict or indicate future events or trends, or are not statements of historical events.

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 consummation of such transactions, assumptions regarding shareholder redemptions and expected earnings and financial condition or statements arising therefrom parties. These statements are based on various assumptions and/or the current expectations of MEOA or Digerati’s management. These forward-looking statements are made for illustrative purposes only and are not intended to be relied upon by any investor or other person as a guarantee, guarantee, prediction or express statement of fact or likelihood. Actual events and circumstances are difficult or impossible to predict and will differ from those assumed. 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, changes in general economic, financial, legal, political and business conditions, as well as domestic and foreign markets; the amount of redemption requests by MEOA’s public shareholders; NASDAQ approval of MEOA’s initial listing application; changes in the assumptions on which Digerati’s expectations for its future business are based; the effect of competition on Digerati’s future business; and the outcome of judicial proceedings in which Digerati is or may be involved.

Should risks materialize or assumptions prove incorrect, actual results may differ materially from those implied by these forward-looking statements. There may be other risks that Digerati and MEOA are not currently aware of or currently believe to be immaterial and 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 predictions about 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 choose to update these forward-looking statements at some point in the future, Digerati and MEOA each expressly disclaim any obligation to do so, except as required by applicable law. These forward-looking statements should not be relied upon as representing the assessment of Digerati or MEOA (or their respective affiliates) as of any date after the date of this press release. Accordingly, undue reliance should not be placed on forward-looking statements.

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