SurgePays Amends Wireless Agreement, Eliminates $50M Liability

SurgePays, Inc. announced an amended agreement with a Tier 1 wholesale wireless network provider, modernizing its pricing structure and enhancing subscriber growth economics. The amendment eliminates a $50 million minimum purchase commitment, removing a significant contingent liability from the balance sheet. This change is also expected to reduce accounts payable by approximately $10.3 million and result in an $8.5 million gain, favorably impacting net income and stockholders' equity.