SURG News & Events

SurgePays announced that its prepaid wireless brand, LinkUp Mobile, has launched a limited-time "Buy One Month, Get One Free" promotion across all five LinkUp plans. The campaign is designed to support the onboarding of new retail dealers while driving subscriber activations through the Company's nationwide retail distribution network during the peak tax season purchasing period. The campaign is also expected to attract new retail partners seeking additional revenue opportunities through prepaid wireless activations and recurring monthly service payments. LinkUp Mobile provides contract-free prepaid wireless service sold primarily through neighborhood convenience stores and local retail locations. The promotion will be available to merchants and independent sales organizations across the Company's nationwide retail network, enabling store clerks to activate new wireless lines directly through the SurgePays point-of-sale platform.

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.