---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-012370"
form_type: "8-K"
ticker: "SURG"
cik: "0001392694"
company_name: "SurgePays, Inc."
filed_at: "2026-03-24T23:59:59+00:00"
generated_at: "2026-05-15T09:10:59.095144+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SurgePays receives Nasdaq deficiency notices for market value and bid price; issues shares to CEO

## Summary
- On 3/18/2026, Nasdaq warned SurgePays MVLS below $35M; cure by 9/14/2026.
- On 3/23/2026, Nasdaq warned bid price below $1.00; cure by 9/21/2026.
- On 3/23/2026, issued 800,000 shares to CEO Kevin Cox at $1.25 each to settle $1M promissory note.
- Shares issued as unregistered exempt securities under Section 4(a)(2) and Rule 506(b).
- If compliance not regained, Nasdaq may delist the common stock.

## SEC filing metadata
- accession: 0001493152-26-012370
- form_type: 8-K
- ticker: SURG
- cik: 0001392694
- company_name: SurgePays, Inc.
- filed_at: 2026-03-24T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1392694/000149315226012370/0001493152-26-012370-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1392694/000149315226012370/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-012370
- JSON: https://secwatch.observer/filing/0001493152-26-012370.json
- Plain text: https://secwatch.observer/filing/0001493152-26-012370.txt

## Source-grounded claims
- claim_id: 91a6562433b2bd7a0ac15e9a65ec5e404c174831
  claim: SurgePays, Inc. received a nasdaq delisting notice notice regarding minimum bid price.
  evidence_excerpt: March 23, 2026, the Company received a written notice (the “ Bid Price Notice ” and together with the MVLS Notice collectively the “ Notices ”) from the Nasdaq Listing Qualifications Department indicating that the Company is not in compliance with the $1.00 minimum bid price requirement (the “ Bid Price Requirement ”) set forth in the Rules. The Notice has no immediate effect on the listing or trading of the Company’s securities, except that an indicator will be displayed with quotation information related to the Company’s securities on NASDAQ.com and NASDAQTrader.com and may be displayed by o
  evidence_url: https://www.sec.gov/Archives/edgar/data/1392694/000149315226012370/0001493152-26-012370-index.htm
- claim_id: cd16adc6a414cafdd5f084e2fcc039a2273ad17b
  claim: SurgePays, Inc. received a nasdaq delisting notice notice regarding market value.
  evidence_excerpt: March 18, 2026, SurgePays, Inc. (the “ Company ”) received a written notice (the “ MVLS Notice ”) from the Listing Qualifications Department of The Nasdaq Stock Market (“ Nasdaq ”) indicating that the Company no longer meets the minimum market value of listed securities (“ MVLS ”) of $35,000,000 (the “ MVLS Requirement ”) set forth in Nasdaq’s Listing Rules (the “ Rules ”). On March 23, 2026, the Company received a written notice (the “ Bid Price Notice ” and together with the MVLS Notice collectively the “ Notices ”) from the Nasdaq Listing Qualifications Department indicating that the Compan
  evidence_url: https://www.sec.gov/Archives/edgar/data/1392694/000149315226012370/0001493152-26-012370-index.htm

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