SurgePays, Inc. (SURG): Entry into a Material Definitive Agreement
SurgePays, Inc. (SURG) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-10.1 2 ex10-1.htm EX-10.1 Exhibit 10.1 SECURED NOTE PURCHASE AGREEMENT This SECURED NOTE PURCHASE AGREEMENT (the “ Agreement ”), dated as of ________, 2026, by and between SurgePays, Inc., a Nevada corporation, with headquarters located at 3124 Brother Blvd, Suite 104, Bartlet
How this was made
The 30-second read
Why it matters
A secured convertible note purchase agreement typically introduces (1) potential future share issuance via conversion and (2) near-term credit/liquidity implications depending on proceeds and covenants. Traders will likely focus on conversion price/discount, maturity, and any protective provisions tied to the junior security interest.
Market read
New financing disclosure via a secured convertible note agreement can shift expectations for dilution and balance-sheet risk immediately after the filing.
What to watch
Key deal terms are redacted in the excerpt (principal amount, purchase price, conversion mechanics, maturity, and covenants), which will drive the true dilution and credit-risk impact.
Background
The filing is an SEC Form 8-K (Item 1.01) for entry into a material definitive agreement, plus Item 2.03 (direct financial obligation) and Item 3.02 (unregistered equity sales).
Ticker impact
SurgePays filed an 8-K disclosing entry into a secured note purchase agreement with convertible notes and equity conversion terms.
Shares may face selling pressure from potential conversion/dilution, partially offset by reduced liquidity risk.
The filing confirms a new material definitive agreement and a direct financial obligation (convertible secured notes), but the excerpt omits key economics (principal, conversion terms, proceeds), limiting precision on dilution impact.
Market effects
Adds to the broader signal of continued use of secured convertible debt structures by small-cap issuers.
No clear regional spillover indicated in the excerpt.
No direct global linkage stated in the excerpt.
Counterpoint
If the proceeds materially extend runway or fund growth, the convertible structure could be viewed as a liquidity-positive event despite dilution risk.
Key entities
- issuerSurgePays, Inc.
Subject of the 8-K; entered into a secured note purchase agreement with convertible notes.
- guarantorTorch Wireless
Named as the guarantor of the notes in the excerpt.
