SURG News & Events

urgePays announced that its prepaid wireless brand, LinkUp Mobile, has surpassed 100,000 ongoing active subscriber lines. "Crossing 100,000 active subscriber lines is a significant operational milestone," said Derron Winfrey, President of Sales and Operations at SurgePays. "The first 100,000 lines are often the most difficult. It is the stage where product market fit, operational execution, and distribution capabilities are established. With that foundation in place, growth becomes more repeatable as distributor relationships and retail footprint continue to expand."

SurgePays announced the pricing of its previously announced underwritten public offering of 2,000,000 shares of common stock at a public offering price of $1.25 per share, for aggregate gross proceeds of approximately $2.5M, prior to deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 300,000 shares of common stock at the public offering price per share, less underwriting discounts, to cover over-allotments, if any. The offering is expected to close on January 22, subject satisfaction of customary closing conditions. R.F. Lafferty & Co. is acting as the sole book-running manager for the offering.

SurgePays announced it has commenced an underwritten public offering of its common stock and/or pre-funded warrants. All shares of common stock and/or pre-funded warrants in the offering are to be offered by the company. R.F. Lafferty & Co., Inc. is acting as the sole book-running manager for the offering.

Alpha Modus Financial Services, a division of Alpha Modus Holdings (AMOD), and SurgePays (SURG) announced the signing of a Letter of Intent to establish a commercial integration and distribution partnership. "This strategic alliance is designed to expand financial access, enhance in-store engagement, and deliver a modern suite of digital services to subprime and underserved consumers nationwide," the company said.