SurgePays Announces Closing of $15 Million Public Offering
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.
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