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SurgePays Announces $7 Million Debt Financing to Accelerate Growth
SURGSurgePays(SURG) Prnewswire·2025-05-13 20:01

Financing with Institutional Shareholder Featuring Share Buyback Component and Fixed Conversion Price of 4pershare,aPremiumtoMarketBARTLETT,Tenn.,May13,2025/PRNewswire/−−SurgePays,Inc.(Nasdaq:SURG)("SurgePays"orthe"Company"),awirelessandpoint−of−saletechnologycompany,todayannouncedthatithasenteredintoa4 per share, a Premium to MarketBARTLETT, Tenn., May 13, 2025 /PRNewswire/ -- SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a wireless and point-of-sale technology company, today announced that it has entered into a 7 million senior secured convertible note (the "Note") agreement with a current institutional shareholder. The Note has a principal amount of $7 million and matures two yea ...