On June 16, 2026, SurgePays, Inc. entered into a secured note purchase agreement for a $500,000 promissory note with a 14.5% annual interest rate and a 24-month maturity. The note requires quarterly principal repayments of $125,000 starting after 12 months and features tiered conversion prices ranging from $2.00 to $10.00 per share. This issuance brings the total aggregate funding from a series of notes led by Belleau Wood Capital to $2,650,000. The investor holds a junior security interest in all company assets. SurgePays, Inc. operates in the technology sector, providing mobile billing and payment services.
