---
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"
generated_at: "2026-05-21T02:59:18.178586+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SurgePays raises $7M via senior secured convertible note; conversion at $4.00/share premium

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-011299
- JSON: https://secwatch.observer/filing/0001641172-25-011299.json
- Plain text: https://secwatch.observer/filing/0001641172-25-011299.txt

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