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Form 8-K

sec.gov
SURG The company received a notice from Nasdaq granting an additional 180 days to regain compliance with the minimum $1.00 bid price per share requirement. Failure to comply by March 22, 2027, could lead to delisting, negatively impacting liquidity, market price, and financing capabilities.

8-K — SurgePays, Inc.

Accession: 0001493152-26-044789

Filed: 2026-09-29

Period: 2026-09-28

CIK: 0001392694

SIC: 4813 (TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE))

Item: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Documents

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES

EXCHANGE ACT OF 1934

Date

of Report (Date of earliest event reported): September 28, 2026

SURGEPAYS,

INC.

(Exact

name of registrant as specified in its charter)

Nevada

001-40992

98-0550352

(State

or other jurisdiction

of

incorporation)

(Commission

File

Number)

(IRS

Employer

Identification

No.)

3124

Brother Blvd., Suite 104

Bartlett,

TN 38133

(Address

of principal executive offices, including zip code)

Registrant’s

telephone number, including area code: (901) 302-9587

(Former

name or former address, if changed since last report)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions:

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Common

Stock

SURG

The

Nasdaq Stock Market, LLC

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☐

If

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On

September 28, 2026, SurgePays, Inc. (the “Company”) received a letter from the Nasdaq Listing Qualifications Department of

The Nasdaq Stock Market LLC (“Nasdaq”), granting the Company an additional 180-calendar-day period, or until March 22, 2027,

to regain compliance with Nasdaq’s minimum $1.00 bid price per share requirement. Nasdaq previously notified the Company of its

bid price deficiency on March 23, 2026, and provided an initial compliance period that expired on September 21, 2026.

Nasdaq’s

determination to grant the additional compliance period was based on the Company meeting the continued listing requirement for market

value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market, except for the

bid price requirement, and the Company’s written notice of its intention to cure the deficiency during the second compliance period

by effecting a reverse stock split if necessary.

If

the Company does not regain compliance by March 22, 2027, Nasdaq will provide written notification that the Company’s securities

will be delisted. The Company may appeal that determination to a Nasdaq Hearings Panel; however, a timely request for a hearing following

the expiration of the second 180-day compliance period would not stay the suspension of trading in the Company’s securities. The

additional compliance period relates exclusively to the bid price deficiency, and the Company remains subject to Nasdaq’s other

applicable listing requirements. There can be no assurance that the Company will regain compliance with the bid price requirement or

maintain compliance with Nasdaq’s other listing requirements.

In

a separate letter dated September 28, 2026, Nasdaq notified the Company that, based on the Company’s Current Report on Form 8-K

dated September 10, 2026, Nasdaq had determined that the Company complies with the minimum stockholders’ equity requirement under

Nasdaq Listing Rule 5550(b)(1). This determination addresses the deficiency described in Nasdaq’s March 18, 2026 letter. Nasdaq

further advised that, if the Company fails to evidence compliance with Nasdaq’s continued listing criteria upon filing its next

periodic report, it may be subject to delisting, at which time Nasdaq would provide written notification and the Company could appeal

the determination to a Nasdaq Hearings Panel. If the Company’s common stock ultimately were to be delisted for any reason, it could

negatively impact the Company by (i) reducing the liquidity and market price of the Company’s common stock; (ii) reducing the number

of investors willing to hold or acquire the Company’s common stock, which could negatively impact the Company’s ability to

raise equity financing; (iii) limiting the Company’s ability to use a registration statement to offer and sell freely tradable

securities, thereby preventing the Company from accessing the public capital markets; and (iv) impairing the Company’s ability

to provide equity incentives to its employees.

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by

the undersigned hereunto duly authorized.

SURGEPAYS,

INC.

Date:

September 29, 2026

By:

/s/

Kevin Brian Cox

Name:

Kevin

Brian Cox

Title:

Chief

Executive Officer

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