SurgePays, Inc. (SURG)
CIK 1392694 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 25.1M shares as of May 20, 2026 (10-Q). Share count fell from 163.3M to 12.0M between Aug 13, 2021 and Nov 11, 2021, a pattern consistent with a reverse split (roughly 1-for-14); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
Cash runway
Going-concern warning
auditor flagged substantial doubt
The company itself flagged going-concern doubt in a filing.
Full breakdown: cash runway tool
Warrants
Warrants outstanding: 700,000 underlying shares, as reported May 12, 2025 (10-Q).
Reported exercise price: $2.5 (aggregate figure as tagged; individual tranches vary).
Rough fully diluted estimate: 25.8M = 25.1M O/S + 700,000 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.
Convertible notes
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| Convertible Notes Payable One | $7.5M | $6.6M | not tagged | 15% | — |
| Convertible Notes Payable Note Nine To Fifteen | $975,000 | — | not tagged | — | — |
| Convertible Notes Payable Two | $770,000 | $737,892 | not tagged | 0% | — |
| Convertible Notes Payable Three | $660,000 | $621,440 | not tagged | 0% | — |
| Convertible Notes Payable Eight | $500,000 | $322,818 | not tagged | 8% | — |
| Convertible Notes Payable Six | $495,000 | $460,808 | not tagged | 0% | — |
| Convertible Notes Payable Twelve | $400,000 | $369,120 | not tagged | 14.5% | — |
| Convertible Notes Payable Four | $385,000 | $362,410 | not tagged | 0% | — |
| Convertible Notes Payable Five | $385,000 | $363,510 | not tagged | 0% | — |
| Convertible Notes Payable Seven | $333,333 | $229,103 | not tagged | 8% | — |
| Convertible Notes Payable Fourteen | $200,000 | $200,000 | not tagged | 14.5% | — |
| Convertible Notes Payable Nine | $100,000 | $92,280 | not tagged | 14.5% | — |
Notes exactly as the company dimensioned them in its 10-Q filed May 20, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 25.1M | May 20, 2026 |
| + Warrants (aggregate, as tagged) (if exercised) | 700,000 | May 12, 2025 |
| Fully diluted estimate | 25.8M | +2.8% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Last 12 months: 6 executed · 0 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
Keep going: float checker · offering calendar · short-squeeze screener · full SURG workspace