SurgePays, Inc. Changes Independent Auditor; Going-Concern Note

What Happened
SurgePays, Inc. (SURG) filed an 8-K (Item 4.01) announcing that it dismissed its former independent registered public accounting firm, TAAD LLP, on September 16, 2026, and engaged Sadler, Gibb & Associates, LLC as its new independent registered public accounting firm on September 11, 2026. The Audit Committee approved the dismissal.

Key Details

• Former auditor: TAAD LLP was dismissed effective September 16, 2026.
• TAAD’s report: TAAD issued a report on the company’s financial statements for the year ended December 31, 2025 that included an explanatory paragraph noting substantial doubt about the company’s ability to continue as a going concern; TAAD did not render a report for the year ended December 31, 2024.
• No disagreements or reportable events: SurgePays states there were no disagreements with TAAD during fiscal 2025 or through September 16, 2026, and no reportable events under Item 304(a)(1)(v) of Regulation S-K.
• New auditor: Sadler, Gibb & Associates, LLC was engaged on September 11, 2026; the company did not consult this firm on accounting or auditing matters during the past two fiscal years or the interim period.
• Follow-up: SurgePays provided TAAD a copy of the 8-K and requested a letter to be filed with the SEC stating whether TAAD agrees with the company’s Item 304 disclosures; that letter will be filed by amendment when received.

Why It Matters
A change of auditors is material because it affects who will examine and opine on SurgePays’ future financial statements. The prior auditor’s going-concern explanatory paragraph for 2025 signals past concerns about the company’s ability to continue operations—information investors should consider when assessing risk. The filing also notes there were no disagreements with the former auditor, and the company has retained a new auditor; investors should watch for the former auditor’s letter and for upcoming audited reports or opinions from the new firm.