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Stock impact report

SurgePays Announces Closing of $2.5 Million Public Offering

SurgePays, Inc. (SURG) 
Company Research Source: GlobeNewswire
BARTLETT, Tenn., Jan. 26, 2026 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ: SURG), a wireless and fintech point of sale company connecting subprime and underserved consumers to essential mobile and financial services, today announced the closing of its previously announced underwritten public offering of 2,000,000 shares of common stock at a public offering price of $1.25 per share. Over 100 retail investors participated in the public offering. Gross proceeds from the offering were approximately $2.5 million, before deducting underwriting discounts and other offering expenses. In addition, the Company granted the underwriter a 45-day option to purchase up to an additional 300,000 shares of common stock at the public offering price per share, less underwriting discounts, to cover over-allotments, if any. R.F. Lafferty & Co., Inc. acted as the sole book-running manager for the offering. The shares of common stock were offered by the Company pursuant to a shelf registration statemen Show less Read more
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