Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it is postponing its special shareholder meeting from 10 am ET this morning to 2 pm ET tomorrow, May 23.
Shareholders at the meeting are to consider a proposal allowing the SPAC to extend its deadline three months from May 30 to August 30 in exchange for a $250,000 contribution to its trust.
Minority Equality Opportunities is up about +4.5% in the pre-market to $11.50, well above its estimated redemption rate for the vote of $11.15, but it closed Friday trading at $11.
The SPAC does have a deal in hand as well, having announced a $145 million combination with cloud services firm Digerati (OTC:DTGI) in September 2022. San Antonio, Texas-based Digerati runs internal phone networks for small and medium-sized businesses through a series of subsidiaries.
Digerati last reported $7.9 million in revenue for the three months ending January 31 with an operating loss of -$1.5 million.
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Terms Tracker for the Week Ending June 27, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. June continued its late-month rally with another five SPAC IPOs pricing this week, bringing the monthly total to 10 and the 2025 year-to-date count to...