secwatch.observer — SEC 8-K summary
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Issuer:     SurgePays, Inc. (SURG)
CIK:        0001392694
Form:       8-K
Filed at:   2021-11-05T23:59:59+00:00
Accession:  0001493152-21-027402
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1392694/000149315221027402/0001493152-21-027402-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1392694/000149315221027402/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-027402

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer