secwatch.observer — SEC 8-K summary
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Issuer:     SurgePays, Inc. (SURG)
CIK:        0001392694
Form:       8-K
Filed at:   2024-01-22T23:59:59+00:00
Accession:  0001493152-24-003138
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SurgePays prices $15M public offering of 2,678,571 shares at $5.60/share
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- Gross proceeds ~$15M; net proceeds ~$13.7M ($15.9M if underwriter option exercised).
- Offering priced at $5.60/share; underwriter has 45-day option for additional 401,785 shares.
- Titan Partners Group acted as sole book-running manager; offering closed Jan 22, 2024.
- Company raised capital for general corporate purposes via effective S-3 shelf registration.
- Issuance represents ~6.6% of pre-offering shares (1,680,000 shares outstanding pre-money).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1392694/000149315224003138/0001493152-24-003138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1392694/000149315224003138/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-003138

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