SurgePays Unveils Complimentary Wireless Service for SNAP/EBT Families Affected by Government Shutdown
Launch of Free Wireless Program: SurgePays, Inc. has introduced a free wireless program under its LinkUp Mobile brand for households receiving Supplemental Nutrition Assistance Program (SNAP) benefits, offering unlimited talk and text along with 3GB of monthly data for up to five users per household.
Response to Government Uncertainty: The initiative aims to support families facing potential cuts to SNAP benefits due to an ongoing government shutdown, ensuring they maintain communication and access to essential services during this uncertain time.
Commitment to Underserved Communities: CEO Brian Cox emphasized the company's mission to assist underbanked and underserved populations, highlighting the importance of wireless service in everyday life and the need for solutions amid political challenges.
Company Overview: SurgePays, Inc. focuses on connecting underserved communities to mobile and financial services, operating its own wireless brands and expanding into data-driven marketing and digital partnerships to enhance revenue streams.
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SurgePays Closes Public Offering of 2 Million Shares
- Successful Offering: SurgePays has successfully closed its public offering of 2 million shares of common stock at a price of $1.25 per share, generating approximately $2.5 million in gross proceeds, which will support the company's expansion of services.
- Investor Participation: The offering attracted participation from over 100 retail investors, reflecting market confidence in SurgePays' wireless and fintech capabilities and enhancing the company's influence in the capital markets.
- Over-Allotment Option: The company granted the underwriter a 45-day option to purchase up to an additional 300,000 shares at the same offering price, further enhancing financial flexibility and market adaptability.
- Compliance with Registration: The offering was conducted under a shelf registration statement on Form S-3 that became effective on November 3, 2023, ensuring compliance and laying the groundwork for future capital operations.

SurgePays (SURG) Prices 2M Share Offering at $1.25, Raising $2.5M
- Fundraising Size: SurgePays has announced a public offering of 2 million shares priced at $1.25 each, aiming for approximately $2.5 million in gross proceeds, which will enhance the company's liquidity for future growth.
- Underwriter Selection: R.F. Lafferty & Co., Inc. has been appointed as the sole book-running manager for this offering, ensuring professionalism and efficiency in the fundraising process.
- Additional Share Option: The company has granted underwriters a 45-day option to purchase up to an additional 300,000 shares at the public offering price, further enhancing market flexibility.
- Issuance Timeline: The public offering is expected to close on January 22, 2026, marking an active positioning of the company in the capital markets.






