{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-21-032448","form_type":"8-K","ticker":"SURG","cik":"0001392694","company_name":"SurgePays, Inc.","filed_at":"2021-12-23T23:59:59+00:00","discovered_at":"2026-05-14T18:04:12.345409+00:00","generated_at":"2026-06-27T22:32:59.316364+00:00","sec_items":["1.01","9.01"],"event_type":"litigation","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SurgePays settles two lawsuits; pays $4.2M by Jan 7, gains rights to MDA worth ~$2M monthly revenue","bullets":["Settlement agreement resolves all claims from AltCorp, Stanley Hills, Glen Eagles over ECS Prepaid acquisition.","Total $4.2M payment to Stanley Hills includes $3.65M due Jan 7, 2022, with $375K held in escrow.","SurgePays acquires GBT's rights to Master Distribution Service Agreement (MDA) with estimated $1.5M-$2.5M monthly revenue, contingent on GBT lawsuit outcome.","Igor 1 Corp. must remove restrictive legend on 110,000 shares by Jan 30, 2022; otherwise SurgePays buys them back for $500K.","Glen Eagles and Alpine must sell 3,000 shares within 30 days; SurgePays guarantees minimum $15K proceeds."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-21-032448","json":"https://secwatch.observer/filing/0001493152-21-032448.json","markdown":"https://secwatch.observer/filing/0001493152-21-032448.md","text":"https://secwatch.observer/filing/0001493152-21-032448.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1392694/000149315221032448/0001493152-21-032448-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1392694/000149315221032448/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T22:32:59.316364+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}