Surgepays, INC

Market Movers (8-K)

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NASDAQ
SurgePays, Inc. has received an additional 180-day extension from Nasdaq to regain compliance with the minimum $1.00 bid price requirement, now until March 22, 2027.
Worse than expected
NASDAQ
SurgePays, Inc. has dismissed its independent registered public accounting firm, TAAD LLP, and appointed Sadler, Gibb & Associates, LLC as its new auditor.
Worse than expected
NASDAQ
SurgePays, Inc. has formed LWP-SURGE, LLC, a Wyoming limited liability company, to serve as the operating vehicle for a proposed joint venture with All Prepaid, LLC (LowWeeklyPayments) focused on a smartphone rent-to-own program.
NASDAQ
SurgePays clarifies its subsidiary Torch Wireless's compliance and communication with the FCC regarding a Notice of Apparent Liability for Forfeiture.
NASDAQ
SurgePays, Inc. announced an amendment to its agreement with AT&T Mobility, LLC, eliminating minimum spend commitments and improving pricing.
NASDAQ
SurgePays, Inc. announced first quarter 2026 financial results, showcasing a 51% year-over-year revenue increase to $16 million, driven by strong performance in point-of-sale and prepaid services.

Quarterly Earnings (10-Q)

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NASDAQ
SurgePays, Inc. reported a net loss of $10.76 million for the six months ended June 30, 2026, and faces substantial doubt about its ability to continue as a going concern.
Worse than expected
Delay expected
Capital raise
NASDAQ
SurgePays, Inc. reported a net loss of $12.05 million for Q1 2026, with revenues increasing 51.1% year-over-year, while also addressing Nasdaq's minimum bid price and market value deficiencies.
Capital raise
Worse than expected
NASDAQ
SurgePays reports a significant revenue drop and worsening liquidity, shifting to a stockholders' deficit, primarily due to the cessation of the Affordable Connectivity Program.
Worse than expected
Delay expected
Capital raise
NASDAQ
SurgePays, Inc. reports a significant increase in net loss and substantial cash burn in Q2 2025, driven by the cessation of the Affordable Connectivity Program, despite growth in its Point-of-Sale segment.
Capital raise
Worse than expected
NASDAQ
SurgePays, Inc. reports a significant revenue decrease in Q1 2025 due to the Affordable Connectivity Program's (ACP) conclusion, while focusing on new initiatives and strategic opportunities.
Worse than expected
Capital raise
NASDAQ
SurgePays experienced a significant revenue decline in Q3 2024 due to the cessation of the Affordable Connectivity Program (ACP), while also focusing on strategic shifts and new business opportunities.
Worse than expected
Capital raise

Annual Reports (10-K)

NASDAQ
SurgePays reports a significant net loss for 2025, driven by the loss of Affordable Connectivity Program funding and ongoing operational restructuring.
Worse than expected
Capital raise
NASDAQ
SurgePays, Inc. announces its financial results for the year ended December 31, 2024, navigating challenges from the Affordable Connectivity Program's dissolution while focusing on strategic growth in other segments.
Worse than expected
NASDAQ
SurgePays Inc.'s 2023 annual report highlights significant revenue growth driven by its Mobile Virtual Network Operator segment, while also addressing challenges related to the potential expiration of the Affordable Connectivity Program.
Worse than expected
Capital raise

Insider Trading (Form 4)

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NASDAQ
Laurie Weisberg, a Director of SurgePays, Inc., received 315,179 shares of common stock on July 31, 2026.
NASDAQ
David N Keys, a Director of SurgePays, Inc., received 315,179 shares of common stock on July 31, 2026.
NASDAQ
David Allen May, a Director of SurgePays, Inc., received 315,179 shares of common stock on July 31, 2026.
NASDAQ
Director David May acquired 40,250 shares of SurgePays, Inc. common stock through open market purchases.
NASDAQ
SurgePays, Inc. reports that CEO Kevin Brian Cox was awarded 500,000 shares of common stock on June 1, 2026, as part of his employment agreement.
NASDAQ
Kevin Brian Cox, CEO and Chairman of SurgePays, Inc., acquired over 1.3 million shares through debt conversion and awards, subsequently transferring some to a family trust.

Proxy Statements (Def-14A)

NASDAQ
SurgePays, Inc. has announced its 2026 Annual Meeting of Stockholders, scheduled for June 16, 2026, to elect directors, ratify auditors, and crucially, approve a significant securities purchase agreement that could result in the issuance of over 20% of the company's common stock.
Capital raise
NASDAQ
SurgePays, Inc. will hold its 2025 Annual Meeting of Stockholders virtually on May 15, 2025, to vote on director elections, auditor ratification, executive compensation, and other business.
NASDAQ
SurgePays, Inc. will hold its 2024 Annual Meeting of Stockholders virtually on April 18, 2024, to elect directors and ratify the appointment of its independent auditor.

Schedule 13G - Passive Investments

NASDAQ
Bradley James Crosby has disclosed a passive beneficial ownership of 5.96% of SurgePays, Inc.'s Class A Common Stock.