Digerati Technologies, Inc. announced that it has entered into a securities purchase agreement for a private placement of convertible promissory notes due in the aggregate original principal amount of up to $110,000; for gross proceeds of up to $100,000 on March 7, 2023. The Note will be sold at an original issue discount of $10,000. The Note will accrue interest at a rate of 10% per annum.

The notes are convertible at $0.10. The maturity date shall be nine months from the date of closing.