---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-027402"
form_type: "8-K"
ticker: "SURG"
cik: "0001392694"
company_name: "SurgePays, Inc."
filed_at: "2021-11-05T23:59:59+00:00"
generated_at: "2026-06-28T12:00:13.191622+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-21-027402
- form_type: 8-K
- ticker: SURG
- cik: 0001392694
- company_name: SurgePays, Inc.
- filed_at: 2021-11-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1392694/000149315221027402/0001493152-21-027402-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1392694/000149315221027402/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-027402
- JSON: https://secwatch.observer/filing/0001493152-21-027402.json
- Plain text: https://secwatch.observer/filing/0001493152-21-027402.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.