Micro-Cap Rallies After Strategic Telecom Acquisition

2025-11-24 11:57:00 ET

On a broadly risk-on trading day, welcome relief after weeks of bearish market sentiment, a micro-cap stock is riding the positive momentum, with shares jumping on news of a strategic acquisition.

Digerati Technologies, Inc. (OTCID: DTGI) announced this morning that the company has broadened its international footprint with the acquisition of Ricochet Global, a provider of facilities and cloud-based services for telecommunications operators, particularly across Africa, the Middle East, and the Persian Gulf. Ricochet, led by founder Jason Mumper, leverages advanced switching and routing technology to deliver high-quality, efficient, and cost-effective services, earning long-term customer loyalty. The company is a licensed international carrier under Section 214 of the FCC. The acquisition was completed using a combination of cash and restricted common stock.

Jason Mumper, the Founder of Ricochet, stated, “we are thrilled to now be part of the ‘new’ Digerati Technologies and look forward to being the base platform at which we plan to build upon and create significant value in the public company. We look forward to working with Robert and his team in expanding the business.”

Robert Delvecchio, Chairman and CEO of Digerati Technologies, commented, “today marks a new day for Digerati as we look toward the future and utilize Ricochet as a base platform for retail communications with additional accretive acquisitions in the pipeline. We believe Ricochet is the ideal platform to build upon due to its specialized low cost, call center operations out of South Africa. Jason Mumper and the dedicated, highly experienced Cape Town management team bring a long-standing reputation for excellence in the telecom industry. We look forward to integrating the businesses, exploring both organic and acquisition growth opportunities and delivering improved operating and financial results for our shareholders.”

Shares of DTGI are currently up 36.13% at $0.026 in late-morning trading.

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