Highest-materiality recent filing
SurgePays forms Redline Wireless Group JV with major distributor; 51% owned, targets 1M subscribers
SurgePays forms Redline Wireless Group JV, owning 51% as managing member; partner owns 49% and contributes access to 20,000+ independent prepaid dealers.
SurgePays clarifies FCC NAL against Torch Wireless is about document timing, not misconduct
FCC issued Notice of Apparent Liability for Forfeiture to Torch Wireless on July 22, 2026, for alleged late document submission.
SurgePays amends AT&T deal; eliminates $50M minimum spend, gains $8.5M
Amendment eliminates remaining $50M minimum spend commitment over initial 3-year term.
SurgePays stockholders approve director slate, auditor, and share issuance of 20%+ of common stock
Reelected four directors: Kevin Brian Cox, David N. Keys, David May, Laurie Weisberg.
SurgePays issues $500K convertible note at 14.5% interest; total series funding reaches $2.65M
Sold $500,000 secured convertible note to an accredited investor on June 16, 2026.
SurgePays Q1 revenue $16M (+51% YoY) driven by POS/prepaid up 71%; net loss $12.1M
Revenue ~$16M, up 51% YoY; point-of-sale and prepaid services segment grew 71%.
SurgePays FY2025 revenue $57.0M, operating loss improves to $30.7M; cash burn reduced
Revenue $57.0M in FY2025, down from $60.9M in 2024 due to ACP wind-down.
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.
SurgePays updates investor presentation with no new material financial data
Filed under Item 7.01 to disclose an updated corporate presentation dated February 2026.
SurgePays raises ~$2.5M in underwritten offering of 2M shares at $1.25; amends ATM facility
Underwritten public offering of 2,000,000 shares at $1.25/share for gross proceeds of ~$2.5M.
SurgePays appoints Chelsea Pullano as interim CFO, part-time via MACK Financial Solutions
Chelsea Pullano appointed interim CFO effective Jan 14, 2026, replacing Tony Evers; role is part-time (min 40 hrs/month).
CFO Anthony Evers employment ended Dec 31, 2025; entered separation agreement for consulting Jan 1–Jun 30, 2026.
SurgePays Q3 2025 revenue $18.7M (+292% YoY); reiterates 2026 guidance of $225M
Q3 2025 revenue $18.7M, up 292% YoY from $4.8M and 62% sequentially.
SurgePays CFO Anthony Evers' employment agreement not renewed; expiration Dec 31, 2025
Company notified CFO Anthony Evers that his employment agreement will not be renewed after expiration on Dec 31, 2025.
SurgePays enters $15M ATM equity offering agreement with Titan Partners
On August 5, 2025, entered into ATM Agreement with Titan Partners Group LLC to sell up to $15M of common stock.
SurgePays auditor Rodefer Moss resigns; TAAD LLP appointed as new auditor
Rodefer Moss resigned as independent auditor on May 19, 2025; no disagreements or reportable events.
SurgePays annual meeting elects all five director nominees; auditor ratified, say-on-pay passes
Approximately 69.86% of outstanding shares present, constituting a quorum.
SurgePays raises $7M via senior secured convertible note; conversion at $4.00/share premium
Senior secured convertible note of $7M principal, due May 12, 2027; interest 15% per annum.
SurgePays warrants SURGW expire on Nov 4, 2024; none remain outstanding
Common stock purchase warrants (SURGW) expired on Nov 4, 2024 as previously reported on Form 25.
SurgePays signs MSA with TerraCom; $1M escrow for potential majority acquisition
Master Services Agreement with TerraCom effective Oct 3, 2024 to enroll Lifeline Program customers.
SurgePays shareholders elect all five director nominees and ratify auditor at 2024 annual meeting
Quorum achieved with 69.7% of 19,224,226 outstanding shares present.
SurgePays sets 2024 annual meeting for April 18; proposal deadline March 22
2024 Annual Meeting scheduled for April 18, 2024.
SurgePays closes over-allotment option, raising total $17.25M in equity offering
Underwriters exercised full 45-day option for 401,785 additional shares at $5.60 per share.
SurgePays prices $15M public offering of 2,678,571 shares at $5.60/share
Gross proceeds ~$15M; net proceeds ~$13.7M ($15.9M if underwriter option exercised).
SurgePays appoints Jeremy Gies as President; base salary $180K with bonus up to $180K
Effective Jan 8, 2024, Jeremy Gies promoted to President; previously President of Fintech division.
SurgePays acquires ClearLine Mobile's software and POS assets for $2.5M
Acquired ClearLine Mobile's software development, POS equipment, and operations for total consideration of $2.5M.
CEO Kevin Brian Cox's employment extended through Dec 31, 2028; base salary $750,000/yr with 3% annual increase.
SurgePays delists from MERJ Exchange's Upstream board; Nasdaq listing unaffected
Notice sent October 6, 2023; delisting effective October 18, 2023 from Upstream (MERJ Exchange).
Quorum of 70.99% achieved with 14,223,202 shares outstanding and entitled to vote.
SurgePays reports preliminary Q2 net income over $6M, rebuts critical report
Preliminary net income for Q2 2023 expected to exceed $6 million.
SurgePays stockholders approve all proposals at 2022 annual meeting
All five director nominees elected: Kevin Brian Cox, David N. Keys, David May, Laurie Weisberg, Richard Schurfeld.
SurgePays expects Q4 2022 revenue $35-36M, full year $120-121M (130% YoY growth)
Q4 2022 revenue expected $35-36M; full year $120-121M, >130% growth over 2021.
SurgePays receives Nasdaq delisting notice for failing to hold annual shareholder meeting
Received Nasdaq notice on Jan 5, 2023, for not holding annual meeting within 12 months of Dec 31, 2021 fiscal year end.
SurgePays appoints two new directors; Jay Jones resigns board, becomes consultant
Director Jay Jones resigned Dec 19, 2022; entered 12-month consulting agreement with $5K/month stock options subject to stockholder approval.
SurgePays closes $25M senior secured credit facility; $15M funded at closing
Non-dilutive installment sale agreement with ACF V; no warrants or stock issuance.
SurgePays acquires Torch Wireless for $800k; expands subsidized mobile broadband to all 50 states
Acquired Torch Wireless for $800k cash plus monthly residual payments of $2-$3 per customer enrolled through Dec 31, 2022.
SurgePays President Anthony Nuzzo Jr. dies suddenly on March 18, 2022
Anthony P. Nuzzo, Jr., President and board member, died suddenly on March 18, 2022.
SurgePays guides FY2022 annualized revenue $130M; prelim 2021 rev $51-55M
Preliminary 2021 revenue $51-55M; operating loss cut ~50% vs 2020.
SurgePays: SurgePhone Dec revenue $2.9M, 30k subs, up from $115k in Aug 2021
SurgePhone December revenue $2,901,100, 73% MoM growth from November's $1,680,790.
SurgePays settles two lawsuits; pays $4.2M by Jan 7, gains rights to MDA worth ~$2M monthly revenue
Settlement agreement resolves all claims from AltCorp, Stanley Hills, Glen Eagles over ECS Prepaid acquisition.
SurgePays issues 4.17M shares in conversions of Series C Preferred and notes payable
Issued 4,169,738 common shares on Nov 11, 2021, exempt under Section 4(a)(2).
Priced upsized public offering of 4,600,000 units at $4.30/unit for $19.78M gross proceeds.
On January 8, 2024, the board of directors of SurgePays, Inc., (the “ Company ”) authorized the appointment of Jeremy Gies to the position of President of the Company, effective immediately.
On December 19, 2022, the Company appointed Richard Schurfeld as a member of the Board and to serve as a member of Audit Committee, Compensation Committee, and the Nominating and Corporate Governance Committee
On December 19, 2022, the Company appointed Laurie Weisberg as a member of the Board and to serve as a member of the Audit Committee, Compensation Committee, and the Nominating and Corporate Governance Committee
On December 19, 2022, Jay Jones, a member of the Board of Directors (the “Board”) of SurgePays, Inc. (the “Company”), notified the Company of his resignation as Director, with such resignation to become effective immediately.
Anthony P. Nuzzo, Jr., the President of SurgePays, Inc. (the “Company”), a member of the Company’s Board of Directors, and the Chief Executive Officer of LogicsIQ, Inc., a subsidiary of which the Company owns over 90%, died suddenly on March 18, 2022.
Max materiality 0.85 · Median 0.60 · Most common event other_material