SurgiBox Appoints Kelly Laurel as CEO to Drive Global Market Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
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Source: Globenewswire
- Leadership Transition: SurgiBox has appointed Kelly Laurel as CEO, succeeding co-founder Mike Teodorescu, marking a strategic shift in the company's global market expansion, with Laurel's 35+ years of leadership experience expected to drive significant revenue growth in 2026.
- International Market Expansion: During her tenure as Business Development Director, Laurel established distributor partnerships across 20 countries and secured initial sales in 16 countries, particularly in public and private healthcare sectors in Malaysia and Japan, demonstrating the effectiveness of the company's global commercial infrastructure.
- Technological Innovation: The SurgiField™ system, an ultra-portable surgical environment solution, has received multiple international certifications, including CE Mark and ISO 13485 compliance, and is poised to address the surgical access crisis affecting 5 billion people worldwide, highlighting its significant social impact.
- Strategic Vision: Laurel emphasized a focus on delivering clinical outcomes, securing anchor sales across the international distributor network, and raising capital to scale operations in 2026, indicating the company's commitment to improving global healthcare services through innovative technology.
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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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