SurgePays

Wireless & fintech company connecting underserved consumers to essential mobile & financial services through a nationwide retail network & tech platform. $SURG

[SurgePays @SurgePays]

As the MVNO market continues to evolve, SurgePays is strengthening its wireless ecosystem and leveraging its distribution network to bring affordable prepaid connectivity to underserved communities nationwide. https://t.co/rRtscsS8gV $SURG

[SurgePays @SurgePays]

The global MVNO market is projected to grow from $111.42B in 2026 to $156.01B by 2030, an 8.8% CAGR, driven by demand for affordable & data-only plans, expanded 5G wholesale access, digital customer onboarding & growing enterprise adoption of MVNOs. https://t.co/rRtscsS8gV $SURG

[SurgePays @SurgePays]

Beyond consumer inclusion, the LWP-SURGE joint venture represents a strategic business-to-business opportunity for $SURG, combining device financing, payments and telecommunications through its independent retail dealer network. https://t.co/hOjGcyIUNn

[SurgePays @SurgePays]

“Adding the LWP platform to our product suite has driven some of the best store acquisition results we have seen, helping us onboard more than 100 dealers already,” said Derron Winfrey, President of Sales & Operations at $SURG.

Read via @BriefGlanceNews: https://t.co/hOjGcyIUNn

[SurgePays @SurgePays]

The article highlights how the initiative can attract independent retailers while creating opportunities to introduce dealers to SurgePays’ broader suite of fintech and wholesale telecom services. https://t.co/hOjGcyImXP $SURG

[SurgePays @SurgePays]

A recent @BriefGlanceNews article featured SurgePays and its rent-to-own initiative with Low Weekly Payments, highlighting the Company’s efforts to expand smartphone access through alternative financing while bridging the unbanked tech gap. https://t.co/hOjGcyImXP $SURG

[SurgePays @SurgePays]

Enrique Hirlemann, Co-Founder and CEO of All Prepaid LLC, highlights that signing the letter of intent to form a joint venture with $SURG marks a significant step toward expanding the reach of LWP’s rent-to-own program to more dealers & customers. https://t.co/7hVmtRRnom

[SurgePays @SurgePays]

Derron Winfrey, President of Sales and Operations at $SURG, comments on the formation of a joint venture with All Prepaid, LLC, dba LowWeeklyPayments to scale the smartphone rent-to-own program across the SurgePays independent retail dealer network. https://t.co/7hVmtRRnom

[SurgePays @SurgePays]

SurgePays will hold 51% of the JV and serve as Managing Member, while LWP will hold 49%. The JV will combine $SURG’s independent retail dealer channel, recruiting and field enablement with LWP’s rent-to-own platform, approval matrix, & in-store payment technology.

[SurgePays @SurgePays]

SurgePays announced that it has signed a non-binding letter of intent with All Prepaid, LLC, dba LowWeeklyPayments (“LWP”), to form a joint venture to scale the smartphone rent-to-own program across the SurgePays independent retail dealer network. https://t.co/7hVmtRRnom $SURG

[SurgePays @SurgePays]

The joint venture will be operated through LWP-SURGE, LLC, a Wyoming limited liability company formed on September 2, 2026. https://t.co/7hVmtRRnom $SURG

[SurgePays @SurgePays]

As consideration, @GPOPlus issued 25M shares of a newly designated Series D Preferred Stock to SurgePays. $SURG also entered into a put option agreement w/ Emerald Shoals Fund, giving SurgePays the right to sell the shares back for $27.5M in cash. https://t.co/qDN2YeYfr1 $GPOX

[SurgePays @SurgePays]

“This is a win-win for both companies and their shareholders,” $SURG CEO Brian Cox comments on the sale of its ClearLine POS engagement platform, Managed Marketing Services platform, and turnkey MVNO to @GPOPlus for total consideration of $27.5M. https://t.co/qDN2YeYfr1 $GPOX

[SurgePays @SurgePays]

The sale transaction sharpens $SURG's focus on its prepaid wireless & fintech businesses, monetizes the significant investment in the ClearLine development over the last three years at a meaningful valuation, & strengthens the Company's balance sheet.https://t.co/qDN2YeYfr1 $GPOX

[SurgePays @SurgePays]

$SURG has completed the sale of its ClearLine POS engagement platform, its Managed Marketing Services platform, & a turnkey wireless company (MVNO), together with related operating assets, to @GPOPlus for a total consideration of $27.5 million. https://t.co/qDN2YeYfr1 $GPOX

[SurgePays @SurgePays]

$SURG CEO Brian Cox highlights the Company’s return to GAAP profitability in Q2 2026, with $1.29 million in net income available to common stockholders, alongside 40.7% year-over-year revenue growth to $16.2 million. Read the full results: https://t.co/bbaZ0GIpHj

[SurgePays @SurgePays]

SurgePays also announced continued growth in its smartphone rent-to-own program. July retailer sales through LWP reached approximately $176,000, up 23% from June. Discussions are underway on a potential JV to support continued expansion. https://t.co/bbaZ0GIpHj $SURG

[SurgePays @SurgePays]

Following the close of Q2, SurgePays announced the formation of Redline Wireless Group, a JV with one of the largest wireless master distribution organizations in the U.S. https://t.co/bbaZ0GIpHj $SURG

[SurgePays @SurgePays]

Redline Wireless Group encompasses an executed dealer agreement footprint of more than 20,000 active independent prepaid wireless dealers and is expected to be cash flow positive in its first months of operations. https://t.co/bbaZ0GIpHj $SURG