SurgePays, a wireless and FinTech point of sale company focused on connecting subprime and underserved consumers to essential mobile and financial services, has announced the pricing of its previously disclosed underwritten public offering, raising gross proceeds of approximately $2.5m.
The company confirmed that the offering consists of 2,000,000 shares of common stock, priced at $1.25 per share. Before deducting underwriting discounts and other offering-related expenses, the transaction is expected to generate around $2.5m in gross proceeds.
As part of the transaction, SurgePays has also granted the underwriters a 45-day option to purchase up to an additional 300,000 shares of common stock at the same public offering price, less underwriting discounts. This option has been provided to cover any potential over-allotments. The company stated that the offering is expected to close on January 22, 2026, subject to the satisfaction of customary closing conditions.
R.F. Lafferty & Co., Inc. is acting as the sole book-running manager for the offering.
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