SurgePays falls after pricing stock offering

Surgepays

18/01/2024 11:03

** Shares of telecom company SurgePays Inc  SURG.O  fall
about 12% to $5.81 premarket
    ** Co prices underwritten public offering of ~2.7 mln shares
 at $5.60/ share
    ** SURG grants underwriters a 45-day option to purchase up
to 401,785 additional shares 
    ** Co intends to raise about $15 mln from the offering
    ** Offering expected to close on Jan. 22
    ** SurgePays shares lost ~1.7% in 2023 

 (Reporting by Khushi Singh)
 ((Khushi.Singh@thomsonreuters.com))