SurgePays closes upsized $19.8M public offering, uplists to Nasdaq, effects 1-for-50 reverse stock split

SurgePays, Inc.

Priced upsized public offering of 4,600,000 units at $4.30/unit for $19.78M gross proceeds.
Each unit: one share common stock + one warrant (exercise $4.73, 3-year term).
Effected 1-for-50 reverse stock split effective Nov 2, 2021.
Common stock and warrants began trading on Nasdaq Capital Market under SURG and SURGW.
Underwriter Maxim Group LLC has 45-day over-allotment option for up to 690,000 additional shares/warrants.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.