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46 /100
MEDIUM RISK
Score updated Oct 13, 2026

SURG — SurgePays, Inc. Dilution Risk Tracker

Track SURG dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, SurgePays, Inc. (SURG) has a DilutionWatch DilutionScore of 46/100, rated MEDIUM dilution risk. SurgePays, Inc. has a market capitalization of $6.88M, 52.91M shares outstanding. Stored dilution-related fields include 700.0K outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
60
💰 Cash Runway
10
📊 Float Risk
80
⚠️ Warrant Exposure
15
🔄 Convertible Debt
35

Dilution Forecast

🌥️
Advisory
Moderate dilution signals present
model est. 35%
🔄 Reverse Split model est. 55%
• 50-day avg $0.64 below $1 exchange minimum
🔁 Convertible Conversion model 15%
• Convertible debt present: 7.3% potential dilution
📉 Score Deterioration model 15%
• Score climbed 5 points (worsening)
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Market Data

Market Cap$6.88M
Shares Outstanding52.91M
Float17.54M
Cash$12.02M
Debt$20.40M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore46/100DilutionWatch score record
Shares Outstanding52.91MVerified float table or market cache
Public Float17.54MVerified float table or market cache
Market Cap$6.88MMarket data cache
Cash Runway31.3 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding Warrants700.0KSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 2.

Recent SEC source mix: XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

4.4% institutional ownership
Source: Yahoo Finance · Detailed 13F holder data available for tracked tickers
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Short Interest

Short Interest3.28M
Days to Cover1.0
% of Float18.7%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-08-19
xbrl XBRL CONVERTIBLE 2026-08-19
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual SURG Dilution Snapshot

SurgePays, Inc. (SURG) has a DilutionScore of 46/100, rated Medium dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

SURG's DilutionScore is currently 46/100 (Medium risk), with 5 score changes tracked over 89 days. The score improved from 41/100 (Medium risk).

Period Score Risk Level Duration
Oct 11 – Oct 13, 202646/100MEDIUM3 days
Oct 01 – Oct 10, 202641/100MEDIUM10 days
Sep 17 – Sep 30, 202638/100MEDIUM14 days
Sep 03 – Sep 16, 202639/100MEDIUM14 days
Aug 14 – Sep 02, 202634/100MEDIUM19 days
Jul 16 – Aug 13, 202626/100MEDIUM29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

SURG shares outstanding have increased 3.7% from 24.23M (Mar 2026) to 25.12M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 12, 202625.12M17.54M▼ 0.49%
Apr 24, 202625.12M17.62M▼ 5.15%
Apr 21, 202625.12M18.58M▲ 18.77%
Apr 19, 202625.12M15.64M▲ 0.53%
Mar 28, 202624.23M15.56M▲ 1.22%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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