SurgePays Announces Proposed Underwritten Public Offering

Core Viewpoint - SurgePays, Inc. has initiated an underwritten public offering of its common stock and/or pre-funded warrants, aimed at enhancing its financial position and expanding access to mobile and financial services for subprime and underserved consumers [1][2]. Company Overview - SurgePays, Inc. is a wireless and fintech technology company focused on providing essential mobile and financial services to subprime and underserved consumers [6]. - The company operates a nationwide ecosystem that includes its own wireless brands and a proprietary point of sale platform, facilitating SIM activations, top-ups, financial transactions, and other digital services for prepaid and underbanked customers [6]. Business Strategy - SurgePays is advancing into data-driven marketing and digital partnerships to monetize verified consumer engagement, which is expected to create recurring, high-margin revenue streams [7]. - The company aims to become a leading digital marketplace and data intelligence platform serving the one-third of America that relies on prepaid and subprime financial services [7].