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 amends AT&T deal; eliminates $50M minimum spend, gains $8.5M
Amendment eliminates remaining $50M minimum spend commitment over initial 3-year term.
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.
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 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 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 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 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 reports preliminary Q2 net income over $6M, rebuts critical report
Preliminary net income for Q2 2023 expected to exceed $6 million.
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 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.
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