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SurgePays, Inc. is a technology company with a focus on the underbanked community, offering services in telecommunications, fintech, and blockchain-oriented technologies. After a major reorganization merger in April 2018, Surge Holdings eliminated convertible debt, strengthened balance sheets, and uplisted to the OTCQB. The company now controls marketing arms, online distribution, merchant network distribution, and payment mechanisms, providing no-contract communication and financial technology services to the millennial population. Through DigitizeIQ and SurgePays, the company situates products in front of customers physically and through social media. Led by CEO Brian Cox, SurgePays is at the forefront of innovative tech solutions.
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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.
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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.
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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.
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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.
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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.
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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.
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SurgePays (SURG) Achieves 372% Revenue Growth, Ranks 345th on Deloitte Technology Fast 500™
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SurgePays, Inc. will host a live conference call and webcast on November 14, 2023, to discuss its third quarter 2023 earnings. The call can be accessed through the company's investor relations website or by telephone. A replay will be available afterwards.
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SurgePays, Inc. has hired Gary Chekan as Director of Revenue Assurance and Financial Technology. Chekan's experience in leading finance organizations at telecom companies will help SurgePays with wireless revenue assurance, forecasting, and margin efficiencies. He will also oversee reporting consolidation and create centralized sales revenue and back-office visibility. Chekan's expertise will be valuable for the launch of SurgePays' prepaid wireless brand, LinkUp Mobile.
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SurgePays partners with ClearLine Mobile to launch LCD tablet interface for convenience store checkout registers, expects higher revenue per store and expansion nationwide
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FAQ
What is the current stock price of SurgePays Warrant (SURGW)?
The current stock price of SurgePays Warrant (SURGW) is $0.0087 as of November 1, 2024.
What services does SurgePays, Inc. offer?
SurgePays, Inc. provides telecommunications, fintech, and blockchain-oriented technologies targeting the underbanked community.
When did the major reorganization merger of SurgePays, Inc. take place?
The major reorganization merger of SurgePays, Inc. occurred in April 2018.
Who leads SurgePays, Inc. as its CEO?
CEO Brian Cox leads SurgePays, Inc. with a focus on innovative tech solutions.
What competitive advantage does SurgePays, Inc. offer?
SurgePays, Inc. provides no-contract communication and financial technology services to the millennial population.
How does SurgePays, Inc. reach customers?
Through DigitizeIQ and SurgePays, Inc. situates products in front of customers physically and through social media.
What makes SurgePays, Inc. stand out in the tech industry?
SurgePays, Inc. ranks as the 345th fastest-growing tech company in North America according to the 2023 Deloitte Technology Fast 500.
What are the primary segments of operation for SurgePays, Inc.?
The primary segments of operation include Mobile Virtual Network Operators, Comprehensive Platform Services, Lead Generation, and others.
How does SurgePays, Inc. generate revenue?
SurgePays, Inc. generates revenue primarily from its Mobile Virtual Network Operator segment.
What are the future plans or expansions for SurgePays, Inc.?
The company plans to expand revenue in its non-ACP (Affordable Connectivity Program) businesses and enhance the prepaid customer experience.
What cautionary note should be considered regarding forward-looking statements related to SurgePays, Inc.?
Forward-looking statements involve substantial risks and uncertainties and are subject to various factors beyond the company's control, as highlighted in the press release.
SurgePays, Inc. Warrant
Nasdaq:SURGW
SURGW Rankings
SURGW Stock Data
13.39M
Software - Application
Telephone Communications (no Radiotelephone)
United States of America
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