secwatch.observer — SEC 8-K summary
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Issuer:     SurgePays, Inc. (SURG)
CIK:        0001392694
Form:       8-K
Filed at:   2026-01-22T23:59:59+00:00
Accession:  0001493152-26-003208
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1392694/000149315226003208/0001493152-26-003208-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1392694/000149315226003208/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-003208

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