Zeff Capital, LP, Zeff Holding Company, LLC and Daniel Zeff report a passive ownership stake in Surge Components, Inc. common stock on an amended Schedule 13G. The group reports beneficial ownership of 462,215 shares, representing 8.1% of the outstanding common stock, based on 5,706,732 shares outstanding as of October 11, 2025, as disclosed by the company.
All three reporting persons list the same share amount and percentage and describe shared power to vote and dispose of these shares, with no sole voting or dispositive power. They certify that the securities were not acquired to change or influence control of Surge Components and are not held in connection with any control-related transaction, indicating a passive investment stance rather than an activist position.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Surge Components, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
868908104
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
868908104
1
Names of Reporting Persons
Zeff Capital, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
462,215.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
462,215.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
462,215.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.1 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: Related to item 11 of this page: Percentage calculated based on 5,706,732 shares of Common Stock, $0.001 par value per share, outstanding as of October 11, 2025 as reported in the Form 10-Q for the fiscal quarter ended August 31, 2025 of Surge Components, Inc.
SCHEDULE 13G
CUSIP No.
868908104
1
Names of Reporting Persons
Zeff Holding Company, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
462,215.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
462,215.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
462,215.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.1 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: Related to item 11 of this page: Percentage calculated based on 5,706,732 shares of Common Stock, $0.001 par value per share, outstanding as of October 11, 2025 as reported in the Form 10-Q for the fiscal quarter ended August 31, 2025 of Surge Components, Inc.
SCHEDULE 13G
CUSIP No.
868908104
1
Names of Reporting Persons
Daniel Zeff
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
462,215.00
6
Shared Voting Power
462,215.00
7
Sole Dispositive Power
462,215.00
8
Shared Dispositive Power
462,215.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
462,215.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.1 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Related to item 11 of this page: Percentage calculated based on 5,706,732 shares of Common Stock, $0.001 par value per share, outstanding as of October 11, 2025 as reported in the Form 10-Q for the fiscal quarter ended August 31, 2025 of Surge Components, Inc.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Surge Components, Inc.
(b)
Address of issuer's principal executive offices:
95 East Jefryn Blvd., Deer Park, NY 11729
Item 2.
(a)
Name of person filing:
Zeff Capital, LP
Zeff Holding Company, LLC
Daniel Zeff
Zeff Capital, LP, Zeff Holding Company, LLC and Daniel Zeff (the "Reporting Persons") have entered into a joint filing agreement, a copy of which is attached as Exhibit 1.
(b)
Address or principal business office or, if none, residence:
The address of the principal place of business and principal office of each of the Reporting Persons is: 405 Lexington Ave, 9th Floor, New York, NY 10174.
(c)
Citizenship:
Zeff Capital, LP and Zeff Holding Company, LLC are organized under the laws of the State of Delaware. Daniel Zeff is a United States citizen.
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
868908104
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Zeff Capital, LP
Signature:
Zeff Holding Company, LLC
Name/Title:
General Partner
Date:
01/21/2026
Zeff Holding Company, LLC
Signature:
Daniel Zeff
Name/Title:
Manager
Date:
01/21/2026
Daniel Zeff
Signature:
Daniel Zeff
Name/Title:
Individual
Date:
01/21/2026
Exhibit Information
Exhibit 1: Joint Filing Agreement (incorporated by reference to Exhibit 1 to the Amendment No. 1 to Schedule 13D filed by Zeff Capital, L.P., Zeff Holding Company, LLC and Daniel Zeff on August 23, 2018).
What stake in Surge Components (SPRS) is reported on this Schedule 13G/A?
The reporting group discloses beneficial ownership of 462,215 shares of Surge Components, Inc. common stock, representing 8.1% of the outstanding shares.
Who are the reporting persons in this Surge Components (SPRS) Schedule 13G/A?
The filing lists Zeff Capital, LP, Zeff Holding Company, LLC and Daniel Zeff as reporting persons, acting under a joint filing agreement.
How was the 8.1% ownership in Surge Components (SPRS) calculated?
The 8.1% figure is based on 5,706,732 shares of Surge Components common stock outstanding as of October 11, 2025, as reported in the company’s Form 10-Q for the quarter ended August 31, 2025.
Do the Zeff reporting persons have control-related intentions regarding Surge Components (SPRS)?
The certification states the securities were not acquired and are not held for the purpose or effect of changing or influencing control of Surge Components, indicating a passive investment intent.
What voting and dispositive powers are reported over Surge Components (SPRS) shares?
Each reporting person lists 0 shares with sole voting and dispositive power and 462,215 shares with shared voting and shared dispositive power.
What is the date of the event triggering this Surge Components (SPRS) Schedule 13G/A amendment?
The date of the event requiring the filing is reported as December 31, 2025.
