SurgePays enters secured note deal, raises $500,000 at 14.5% interest

SurgePays Inc

SurgePays Inc

SURG

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  • SurgePays entered a secured note purchase agreement effective June 16, 2026, issuing a $500,000 promissory note to an investor.
  • Note matures in 24 months, carries 14.5% annual interest, includes quarterly repayments of $125,000 starting at the 12-month anniversary.
  • Investor received a junior security interest in all company assets; Belleau Wood Capital was appointed collateral agent.
  • Note is convertible in five tranches priced from $2 to $10 per share.
  • Transaction lifts aggregate funding under Belleau Wood Capital-led note financings since January 12, 2026 to $2.65 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Surgepays Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-029647), on June 22, 2026, and is solely responsible for the information contained therein.

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