SurgePays, Inc. - SURG STOCK NEWS

SurgePays, Inc. (Nasdaq: SURG) has entered into a distribution agreement with SIN PIN, a telecommunications service provider focused on immigrant communities in the US, expanding its reach into thousands of stores in Hispanic communities. This partnership is expected to drive wireless subscriber growth in the Hispanic market, providing access to prepaid wireless services and the Affordable Connectivity Program (ACP) at retail locations. SurgePays' President, Jeremy Gies, highlighted the opportunity to significantly increase the company's wireless subscriber base through this strategic partnership. The distribution agreement allows SIN PIN to leverage SurgePays' software platform to activate prepaid wireless subscribers, providing cost savings and enriching the lives of Spanish-speaking customers. With over 150 team members in El Salvador, SurgePays is uniquely positioned to provide store and customer support for Spanish-speaking customers, aiming to make an impact in the Hispanic wireless market.

SurgePays, Inc. (Nasdaq: SURG) has successfully closed an underwritten public offering of 2,678,571 shares of its common stock, generating approximately $15 million in gross proceeds. The offering was priced at $5.60 per share and was made pursuant to an effective 'shelf' registration statement previously filed with the SEC. Titan Partners Group, a division of American Capital Partners, acted as the sole book-running manager for the offering.

SurgePays, Inc. (Nasdaq: SURG) has announced the pricing of its previously announced underwritten public offering of 2,678,571 shares of its common stock at an offering price of $5.60 per share, with an expected gross proceeds of approximately $15 million. The offering is expected to close on January 22, 2024, subject to customary conditions.

SurgePays, Inc. (Nasdaq: SURG) has announced the commencement of an underwritten public offering of shares of its common stock. The company also intends to grant the underwriters a 45-day option to purchase up to an additional 15% of the aggregate number of shares sold in the offering. The offering is being made pursuant to an effective 'shelf' registration statement previously filed with the SEC. The shares of common stock may be offered only by means of a prospectus supplement and the accompanying prospectus. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities.

SurgePays, Inc. appoints Jeremy Gies as President, leveraging his extensive experience in telecom and fintech to drive sales growth, operational efficiency, M&A, and new product initiatives. Gies will focus on expanding the convenience store network, increasing store transactions, and wireless subscribers. His background includes leadership roles at Honeywell, Tiercel Wireless, Wave Crest Payment Services, and telSPACE, as well as co-founding Blue Horizon Group.

SurgePays, Inc. (Nasdaq: SURG) appoints D. Garth Billstin as the vice president of sales to focus on increasing wireless subscribers and growing revenues. Billstin brings over 30 years of tech growth company experience and will work to expand the company's network of convenience stores and increase revenues from prepaid wireless subscriber services.

SurgePays, Inc. (Nasdaq: SURG) has closed an asset purchase agreement to acquire the software development and POS equipment of ClearLine Mobile, aiming to increase sales within stores and elevate technological capabilities. The acquisition is expected to drive new wireless subscribers, promote ancillary products, and open up revenue opportunities in the future. SurgePays anticipates the POS fixtures to be a catalyst for higher revenue per store and nationwide expansion without the need for constant store management.

SURG - SurgePays, Inc. (Nasdaq: SURG) reports net income of $7.1 million, revenue of $34.2 million, and EPS of $0.49 for the third quarter of 2023. The company also achieved EBITDA of $7.5 million and expanded gross profit margin to 30.7%. SurgePays focuses on providing technology and telecom services to the underbanked and underserved communities in the United States, with a goal to build the largest direct distribution network of underbanked products and services to convenience stores.

SurgePays (SURG) Achieves 372% Revenue Growth, Ranks 345th on Deloitte Technology Fast 500™