other material
confidence high
sentiment neutral
materiality 0.50
SurgePays issues 4.17M shares in conversions of Series C Preferred and notes payable
SurgePays, Inc.
- Issued 4,169,738 common shares on Nov 11, 2021, exempt under Section 4(a)(2).
- CEO Kevin Cox received 3,578,578 shares (Series C conversion and note conversion from SMDMM).
- President Anthony Nuzzo received 360,000 shares; subsidiary CSO Carter Matzinger received 231,160 shares.
- Issuance follows Nov 4 underwritten public offering; terms previously disclosed in prospectus.