SurgePays, Inc.

SurgePays, Inc. has completed the sale of its ClearLine engagement platform, media network, and GPOX Wireless business to GPO Plus, Inc. for a total purchase price of $27,500,000, paid in the form of 25,000,000 shares of GPO Plus Series D Preferred Stock. To ensure the value received, SurgePays also entered into a Put Option Agreement with Emerald Shoals Targeted Opportunities Fund LP, granting SurgePays the right to sell these shares back to Emerald Shoals for $27,500,000 within a specified period. The closing of the acquisition on September 10, 2026, has improved SurgePays' stockholders' equity, addressing previous Nasdaq listing concerns.

SurgePays, Inc. announced continued strong growth in its smartphone rent-to-own program with All Prepaid, LLC (LWP). Retailer sales through the program reached approximately $176,000 in July, marking a 23% increase over June sales. The program has seen significant growth since its April launch, leading SurgePays to initiate discussions with LWP for a potential joint venture to support its continued expansion and broader rollout.

SurgePays, Inc. announced the formation of Redline Wireless Group, LLC, a joint venture with a major wireless master distribution organization. Redline will combine SurgePays' MVNO infrastructure, including LinkUp Mobile, with the partner's network of over 20,000 independent prepaid wireless dealers to expand nationwide distribution. SurgePays will hold a 51% controlling interest in Redline, which aims to reach over 1 million subscribers and is projected to generate significant revenue and profit within 18 months.

SurgePays, Inc. announced the formation of Redline Wireless Group, LLC, a joint venture with one of the largest wireless master distribution organizations in the U.S. Redline will combine SurgePays' MVNO infrastructure, including the LinkUp Mobile brand, with the partner's national independent dealer prepaid wireless distribution channel, which includes over 20,000 active dealers. SurgePays will own 51% of Redline, consolidating it as a majority-owned subsidiary. The company aims for Redline to reach over 1 million subscribers and generate significant revenue and profit within 18 months.

SurgePays, Inc. announced the formation of Redline Wireless Group, LLC, a joint venture with a major wireless master distribution organization. SurgePays holds a 51% controlling interest in Redline, which will leverage SurgePays' LinkUp Mobile brand and MVNO platform with the partner's 20,000+ dealer network. The new entity is expected to be cash flow positive from its first month of operations and aims to reach over 1 million subscribers.

SurgePays, Inc. announced an expanded relationship with All Prepaid, LLC (LWP) following a successful three-month pilot of their smartphone rent-to-own (RTO) program. The pilot, conducted across 32 independent retail dealers, generated $142,725 in June sales, demonstrating significant month-over-month acceleration. The companies are now actively exploring a joint venture to scale this program across SurgePays' broader multi-thousand dealer network, aiming to provide essential mobile and financial services to subprime consumers.

SurgePays, Inc. is addressing incorrect information circulating online regarding an FCC Notice of Apparent Liability (NAL) issued to its subsidiary, Torch Wireless, on July 22, 2026. The company clarifies that the NAL pertains solely to the timeliness of document submission, not the substance of Torch's response or any alleged misconduct. Torch Wireless maintains it acted in good faith, remains compliant, and intends to dispute the NAL, seeking its withdrawal or pursuing legal remedies.

SurgePays announced that Derron Winfrey, President of Sales and Operations, will speak at the All Wireless & Prepaid Expo 2026. At the event, SurgePays' brand LinkUp Mobile will debut a new dealer and Master Distributor compensation model. This model is designed to accelerate distribution growth and drive subscriber acquisition, building on a recently amended wholesale carrier agreement expected to lower costs and expand operating margins.

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.

SurgePays, Inc. announced an amendment to its agreement with AT&T Mobility, LLC, eliminating all remaining minimum spend commitments, which previously totaled $50.0 million. This change is expected to lower the Company's subscriber acquisition and ongoing monthly costs through improved wholesale pricing, favorably impacting operating margins. Additionally, AT&T agreed to forgive approximately $10.3 million in past minimum-commitment charges, resulting in an $8.5 million gain for SurgePays in the second quarter of 2026 and a reduction in accounts payable.