secwatch.observer — SEC 8-K summary
======================================

Issuer:     SurgePays, Inc. (SURG)
CIK:        0001392694
Form:       8-K
Filed at:   2026-03-24T23:59:59+00:00
Accession:  0001493152-26-012370
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1392694/000149315226012370/0001493152-26-012370-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1392694/000149315226012370/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-012370

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer