{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-011299","form_type":"8-K","ticker":"SURG","cik":"0001392694","company_name":"SurgePays, Inc.","filed_at":"2025-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.145293+00:00","generated_at":"2026-05-21T02:59:18.178586+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"SurgePays raises $7M via senior secured convertible note; conversion at $4.00/share premium","bullets":["Senior secured convertible note of $7M principal, due May 12, 2027; interest 15% per annum.","Fixed conversion price $4.00/share (premium to market); warrants for 700,000 shares at $6.00/share.","Net proceeds ~$5.925M; $0.6M of purchase price satisfied by repurchasing 333,333 shares at $3.00.","Proceeds to fund nationwide launch of LinkUp Mobile and expand MVNE wholesale after AT&T integration.","Management projects >$200M revenue over next 12 months and positive operating cash flow by end of 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-011299","json":"https://secwatch.observer/filing/0001641172-25-011299.json","markdown":"https://secwatch.observer/filing/0001641172-25-011299.md","text":"https://secwatch.observer/filing/0001641172-25-011299.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1392694/000164117225011299/0001641172-25-011299-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1392694/000164117225011299/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T02:59:18.178586+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}