Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it postponing its special meeting to complete its combination with cloud services firm Digerati (OTC:DTGI) for a fifth time, now to June 30.
The SPAC has not yet set a time for the new meeting, but noted in its press release that it will give investors at least 48 hours heads up before then. Minority Equality appears to still be working on a means of keeping more shares active in the company and allow it to maintain listing standards.
It announced with its first postponement that 728,815 shares were redeemed with the vote, which would have left it with just 52,013 public shares outstanding. It has since persuaded about 60,000 more to reverse their decision, but evidently has has more work to do to satisfy the Nasdaq and closing conditions in the deal.
Minority Equality has been halted since May 24 when it disclosed those initial figures. At the time, traders appeared to be looking to chase a low float situation and the SPAC’s stock shot up to a high of $43.50 on the day before settling back down to $26.54 when it was halted.
The parties announced their $145 million combination in September 2022. San Antonio, Texas-based Digerati runs internal phone networks for small and medium-sized businesses through a series of subsidiaries and last reported $7.9 million in revenue for the three months ending January 31 with an operating loss of -$1.5 million.


A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...
Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...