SurgePays raises ~$2.5M in underwritten offering of 2M shares at $1.25; amends ATM facility

SurgePays, Inc.

Underwritten public offering of 2,000,000 shares at $1.25/share for gross proceeds of ~$2.5M.
Underwriter granted 45-day option to purchase up to 300,000 additional shares at same price.
Representative's warrants issued for 3% of shares sold, exercisable at 110% of offering price for 5 years.
Net proceeds to be used for expansion of Lifeline business and general working capital.
ATM sales agreement amended to cap future sales at $1 aggregate; ~$1.78M already sold under prior facility.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SurgePays, Inc. entered into Underwriting Agreement with R.F. Lafferty & Co., Inc. valued at aggregate gross proceeds of approximately $2.5 million (effective 2026-01-20).

Action: entry
Agreement: underwriting
Counterparty: R.F. Lafferty & Co., Inc.
Value: aggregate gross proceeds of approximately $2.5 million
Effective: 2026-01-20

Exact text from the filing

On January 20, 2026, SurgePays, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with R.F. Lafferty & Co., Inc., the sole book-running manager and underwriter (the “Underwriter”), relating to an underwritten offering (the “Offering”) of 2,000,000 shares (the “Shares”) of common stock, par value $0.001 per share, of the Company (the “Common Stock”) at a price to the public of $1.25 per share (the “Share Purchase Price”), for aggregate gross proceeds of approximately $2.5 million, before deducting underwriting discounts and commissions and the other estimated Offering expenses.

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SurgePays, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-003208

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