---
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"
generated_at: "2026-06-27T22:32:59.316364+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SurgePays settles two lawsuits; pays $4.2M by Jan 7, gains rights to MDA worth ~$2M monthly revenue

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-032448
- JSON: https://secwatch.observer/filing/0001493152-21-032448.json
- Plain text: https://secwatch.observer/filing/0001493152-21-032448.txt

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