---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-029647"
form_type: "8-K"
ticker: "SURG"
cik: "0001392694"
company_name: "SurgePays, Inc."
filed_at: "2026-06-22T21:30:58+00:00"
generated_at: "2026-06-22T21:32:27.068980+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# SurgePays issues $500K convertible note at 14.5% interest; total series funding reaches $2.65M

## Summary
- Sold $500,000 secured convertible note to an accredited investor on June 16, 2026.
- Note matures in 24 months; interest at 14.5% per annum; quarterly repayments of $125K begin at 12-month anniversary.
- Conversion prices range from $2.00 to $10.00 per share in 20% tranches based on amount due.
- This is the latest tranche of a series led by Belleau Wood Capital; aggregate original principal amount now $2.65 million.
- Note is secured by a junior security interest in all assets of SurgePays and guaranteed by Torch Wireless.

## SEC filing metadata
- accession: 0001493152-26-029647
- form_type: 8-K
- ticker: SURG
- cik: 0001392694
- company_name: SurgePays, Inc.
- filed_at: 2026-06-22T21:30:58+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1392694/000149315226029647/0001493152-26-029647-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1392694/000149315226029647/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-029647
- JSON: https://secwatch.observer/filing/0001493152-26-029647.json
- Plain text: https://secwatch.observer/filing/0001493152-26-029647.txt

## Key facts
- Debt Financings
  SurgePays, Inc. incurred convertible notes of $500,000 at 14.5% per annum maturing 24 months following the issue date.
  - Instrument: convertible notes
  - Principal: $500,000
  - Rate: 14.5% per annum
  - Maturity: 24 months following the issue date
  - Event: incurrence
  source text: Effective as of June 16, 2026, SurgePays, Inc. (the “ Company ”) entered into a secured note purchase agreement with an investor (the “ NPA ”), pursuant to which the Company sold, and the investor purchased, a promissory note in the original principal amount of $500,000 (the “ Note ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1392694/000149315226029647/0001493152-26-029647-index.htm
- Material Agreements
  SurgePays, Inc. entered into NPA valued at $500,000 (effective 2026-06-16).
  - Action: entry
  - Agreement: notes offering
  - Value: $500,000
  - Effective: 2026-06-16
  source text: Effective as of June 16, 2026, SurgePays, Inc. (the “ Company ”) entered into a secured note purchase agreement with an investor (the “ NPA ”), pursuant to which the Company sold, and the investor purchased, a promissory note in the original principal amount of $500,000 (the “ Note ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1392694/000149315226029647/0001493152-26-029647-index.htm

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