SurgePays Prices Public Offering of 2 Million Shares at $1.25
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
0mins
SurgePays announced the pricing 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, for aggregate gross proceeds of approximately $2.5M, prior to deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters 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. The offering is expected to close on January 22, subject satisfaction of customary closing conditions. R.F. Lafferty & Co. is acting as the sole book-running manager for the offering.
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Analyst Views on SURG
Wall Street analysts forecast SURG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SURG is 9.75 USD with a low forecast of 9.75 USD and a high forecast of 9.75 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 1.240
Low
9.75
Averages
9.75
High
9.75
Current: 1.240
Low
9.75
Averages
9.75
High
9.75
About SURG
SurgePays, Inc. is a financial technology and telecommunications company. The Company operates through two primary business segments: Mobile Virtual Network Operator (MVNO) Telecommunications and Comprehensive Platform Services. The MVNO Telecommunications segment is engaged in providing reliable, affordable prepaid wireless services. The MVNO segment is also engaged in offering subsidized and prepaid options to meet diverse financial needs. The Comprehensive Platform Services segment is engaged in offering point-of-sale (POS) transaction and marketing technology. Through SurgePays Prepaid Wireless Top-ups and ClearLine, it delivers transaction and marketing solutions that aim to transform convenience stores. The Prepaid Wireless Top-Ups platform empowers convenience store clerks to handle top-ups for all major wireless brands. In addition, it supports debit and gift card activations. ClearLine technology transforms POS terminals and customer-facing screens into engagement tools.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SurgePays Closes Public Offering of 2 Million Shares
- Successful Offering: SurgePays has successfully closed its public offering of 2 million shares of common stock at a price of $1.25 per share, generating approximately $2.5 million in gross proceeds, which will support the company's expansion of services.
- Investor Participation: The offering attracted participation from over 100 retail investors, reflecting market confidence in SurgePays' wireless and fintech capabilities and enhancing the company's influence in the capital markets.
- Over-Allotment Option: The company granted the underwriter a 45-day option to purchase up to an additional 300,000 shares at the same offering price, further enhancing financial flexibility and market adaptability.
- Compliance with Registration: The offering was conducted under a shelf registration statement on Form S-3 that became effective on November 3, 2023, ensuring compliance and laying the groundwork for future capital operations.
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SurgePays (SURG) Prices 2M Share Offering at $1.25, Raising $2.5M
- Fundraising Size: SurgePays has announced a public offering of 2 million shares priced at $1.25 each, aiming for approximately $2.5 million in gross proceeds, which will enhance the company's liquidity for future growth.
- Underwriter Selection: R.F. Lafferty & Co., Inc. has been appointed as the sole book-running manager for this offering, ensuring professionalism and efficiency in the fundraising process.
- Additional Share Option: The company has granted underwriters a 45-day option to purchase up to an additional 300,000 shares at the public offering price, further enhancing market flexibility.
- Issuance Timeline: The public offering is expected to close on January 22, 2026, marking an active positioning of the company in the capital markets.
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