SurgePays (SURG) has released an update.
SurgePays, Inc. successfully completed the sale of over 2.6 million shares, raising approximately $17.25 million before expenses, with an additional option for underwriters to purchase more shares. This option was fully exercised, adding another 401,785 shares to the market and bringing in an extra $2.25 million in gross proceeds. This strategic financial move bolsters SurgePays’ market position and capital.
For further insights into SURG stock, check out TipRanks’ Stock Analysis page.
