other material
confidence high
sentiment neutral
materiality 0.55
SurgePays closes over-allotment option, raising total $17.25M in equity offering
SurgePays, Inc.
- Underwriters exercised full 45-day option for 401,785 additional shares at $5.60 per share.
- Additional gross proceeds of ~$2.25 million; total shares issued in offering now 3,080,356.
- Total gross proceeds from offering, including over-allotment, is approximately $17.25 million.
- Offering previously announced on January 22, 2024; proceeds for general corporate purposes.