SURGW - SurgePays Announces Closing of $15 Million Public Offering | Benzinga
BARTLETT, Tenn., Jan. 22, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays"), a technology and telecom company focused on the underbanked and underserved communities, announced today the closing of its previously announced underwritten public offering of 2,678,571 shares of its common stock. Each share of common stock was sold at a price to the public of $5.60 per share of common stock. The gross proceeds to SurgePays from this offering are expected to be approximately $15 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by SurgePays.
Titan Partners Group, a division of American Capital Partners, acted as sole book-running manager for the offering.
The offering was made pursuant to an effective "shelf" registration statement on (File No. 333-273110) previously filed with the Securities and Exchange Commission (the "SEC") on July 3, 2023, as amended on August 4, 2023, September 9, 2023, October 23, 2023, and declared effective by the SEC on November 3, 2023. A final prospectus supplement and the accompanying prospectus relating to and describing the terms of the offering were filed with the SEC on January 19, 2024. Electronic copies of the final prospectus supplement and the accompanying prospectus relating to the offering,, may be obtained by visiting the SEC's website at